The government allowed public sector companies to increase their global wage bill by up to 5%, with the per-employee rate being 3%, according to a message sent to companies to which Lusa had access.
“State-owned public sector companies may increase their global payroll by up to 5% year-on-year compared to 2023,” said an order signed by Finance Minister Fernando Medina on Saturday.
The document sets out that salary increases per employee should be based on a value of 3%, with the percentage taking into account remuneration components including salary renewal, progression and promotion, without prejudice to compliance with the requirement to increase the national minimum wage to €820 (+ 7.9% compared to 2023) from January.
Author: Lusa
Source: CM Jornal
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