minimum wage increase

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The Assembly of Madeira has approved the value of the minimum monthly remuneration to be in force in 2023, proposed by the Regional Government (PSD/CDS-PP), for the amount of 785 euros, plus 62 euros in comparison with last year.

“We are facing the biggest increase in the regional minimum wage since 2015. This is a historic increase”, declared the regional secretary for Inclusion and Citizenship in the plenary of the Legislative Assembly of Madeira, in Funchal.

Rita Andrade pointed out that “for 2023, it was agreed, by a qualified majority, between the parties [social consultation], the proposal to set the regional minimum wage at 785 euros, with effects reported to January 1 of this year”.

The official stressed that the value represents “an increase of 8.6% compared to the previous year and an increase of 3.3% compared to the minimum wage fixed at national level”.

Rita Andrade indicated that “the Region has historically been, since 1987, practicing an average increase of 2% in its minimum wage in relation to that fixed at national level, except in the years in which this increase was frozen”, stressing that “this year went further”, standing at 3.3%.

According to the official, “since 2015, people from Madeira have seen the regional minimum wage rise by almost 270 euros”, which means an increase of 52%.

The regional secretary reinforced that “this process has to be a balanced and fair measure”, being necessary to keep companies “competitive and capable of generating jobs”.

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רח' י.ד. ברקוביץ' 4, תל-אביב

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