The National Wages Council revealed Tuesday that as of January 1, 2022, the minimum wage will be applied for the private sector workers
The Council also agreed in its meeting today; To determine the value of the periodic increment in the amount of 3 percent of the insurance wage, i.e. LE 70 as a minimum, which is applied to all private sector establishments in a balanced manner according to the accounting financial year of each establishment.
Members of the National Wages Council agreed that the decision of the National Wages Council to set the minimum wage for workers in the private sector at LE 2,400 will be mandatory for private sector establishments as of January 2022, after stumbling facilities due to the economic pressures imposed by the Corona pandemic were granted a space of flexibility for progress The Council requests an exception from the application of the minimum wage until its economic conditions improve.
El-Said explained that the council includes a balanced representation of all parties from the relevant ministries, representatives of the private sector, chambers of commerce, the Federation of Industries and the Federation of Egyptian Workers, and thanked all council members for their efforts in reaching a decision setting the minimum and determining the value of the periodic bonus.
Source: Egypt Today
