Estonian employers and unions signed minimum wage agreementStaff writer ▼ | October 30, 2015
Estonia's Acting National Conciliator Henn Pärn said that the minimum wage agreement that the Estonian employers and trade unions signed is a social standard, and following it, value is added to the Estonian state and society.
Estonia The minimum wage is currently 390 euros per month
Henn Pärn says that it is not correct to assess the agreement only from an economic perspective, but also the society's expectations have to be followed.
"The agreement between employers and trade unions is approved by the government, after all. So it is a law or a social standard which all should be able to fulfil," explained Pärn the importance of the minimum wage agreement.
According to his calculation, the Estonian employers now have to be able to create 70 to 80 million euros in added value. "It is a measure of solidarity in society and via that, around 40 million euros comes to consumption," said Pärn, who noted that the state's tax revenues will increase also.
The minimum wage is currently 390 euros per month. ■