Cabinet Proposal to increase private sector wages

Increase wages

Minister of Labour S.B. Nawinna announced that he has proposed to increase the wages of private sector employees from May 01.

The Labour Minister said the proposal to increase wages of private sector employees was submitted to the cabinet of ministers on Friday, May 01.

According to the proposal, the minimum wage of private sector employees will be Rs.10, 000, while the minimum daily wage would be Rs.400. Every private sector employee should receive a minimum base salary of Rs. 10,000 from May 01.

Furthermore, a salary increase of Rs. 2,500 will be implemented in two stages.

In the first step all private sector employees will receive a Rs. 1,500 salary increase from May 01, 2015. In the second step the salary will be increased by Rs. 1,000 from 01 January 2016. However the maximum salary should not exceed Rs. 40,000.

The Minister expects to receive the cabinet approval for his proposal.

(Government News Portal)

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