Employees and employers haven't reached an agreement on a pay rise

Employers and workers fail to agree in salary increase

The National Wages Council (Conades for its spanish acronym) met yesterday to discuss the Unified Basic salary increase without reaching an agreement due to the diverse proposals from the representatives of the employees and employers. The first suggested an increase of 17.7%, ie...

Basic salary will be raised to $ 292 in 2012

The Ministry of Labour Relations set the Ecuadorian base salary at $ 292for 2012. The increase was mandated by the State portfolio as workers and employers failed to reach an agreement. The actual base salary, $ 264, expires this month and was raised $ 28 (10.6%). However, labor...