After suspension of the minimum wage, Fenalco will now attend the new negotiation table, did they have a change of heart?
Following the State Council's ruling that suspended the minimum wage increase for 2026, the Ministry of Labor convened a consultation meeting between business associations and labor unions. One of the novelties is that Fenalco will be present at this meeting.
TL;DR
- The Ministry of Labor has convened a new minimum wage negotiation meeting for February 16th after the State Council suspended the 2026 increase.
- Fenalco, a business association, will attend this meeting after having boycotted previous negotiations.
- Fenalco's previous absence was due to the government announcing the wage increase before official deliberations, which they argued undermined the institutional process.
- The upcoming meeting will discuss a transitional decree on the minimum wage, based on economic indicators suggesting a marginal impact on inflation.
- The government also plans to meet with social movements to gauge their position on the new decree.