Spanish government says it will raise minimum wage by 5.5% for 2020
MADRID, Jan 22 (Reuters) - Spain's new government said on Wednesday it would raise the minimum wage by 5.5 percent effective immediately.
The announcement by Labour Minister Yolanda Diaz is part of a plan to raise the net minimum wage to 60% of the average national wage of 1,944 euros - to approximately 1,166 euros per month - by the end of the government's four-year term. Currently it stands at around 55%.
The increase to 1,108 euros per month is the third major economic initiative announced by the government after a rise in pensions and civil servant salaries. (Reporting by Belen Carreno, Writing by Jessica Jones, Editing by Chris Reese)
