The unions are demanding a 7% increase in the minimum wage in 2027, nearly double the inflation forecast by the Bank of Spain (3.9%) and the International Monetary Fund (3.7%). The increase would mean an extra 99.66 euros a month in twelve payments.
UGT and CCOO have called on the Government for a 7% increase in the interprofessional minimum wage (SMI) for 2027, as announced by the general secretary of UGT, Pepe Álvarez, at a press conference alongside CCOO. The figure almost doubles the inflation expected by the Bank of Spain (3.9%) and the International Monetary Fund (3.7%) for this year, as reported by OK Diario.
With this increase, the SMI would rise from the current 17,094 euros gross annually to 18,290.58 euros, which represents 1,196 euros more per year. If paid in fourteen installments, the increase would be 85 euros monthly; if paid in twelve installments, the increase would reach 99.66 euros a month.
Álvarez justified the request due to a discrepancy of around 2% between the 3.1% increase applied to the SMI in February of this year and the evolution of the Consumer Price Index (CPI). The CPI for September has been set at 4.9%, although this figure is not the annual average.
The Minister of Labour and Social Economy, Yolanda Díaz, has tasked the advisory commission on the minimum wage with presenting its proposal for an increase for 2027 before November 3. Díaz has not specified whether the approval will come before the general elections on November 29, but has emphasised that companies must know the amount before January 1. In previous years, the Government has approved the increase in February with retroactive effects.
“By January 1, companies should already know how much the minimum wage will increase in 2027”
The unions have presented this demand in the same appearance in which they announced the general strike on November 11. The proposal from the advisory commission will mark the starting point for negotiations between the Ministry of Labour and social agents.
You may also like
