Sri Lanka to enforce Rs10,000 minimum wage
ECONOMYNEXT – Sri Lanka plans to bring in a law to raise the minimum wage to 10,000 rupees in the private sector, government spokesman Health Minister Rajitha Senaratne said.
“Only once before was the private sector compelled by law to give a minimum wage,” he told a news conference held to announce decisions by the cabinet of ministers.
The minimum wage law is being prepared Minister of Labour and Trade Union Relations W. D. J. Seneviratne.
It will be enacted despite objections by the Employers’ Federation of Ceylon (EFC) which has said their members cannot afford to pay it, Senaratne said.
The government has raised salaries of state sector workers and wants the private sector too to give a pay hike, he said.
The EFC has said it could consider raising wages of their employees based on the profitability of individual companies.
But Finance Minister Ravi Karunanayake has said private sector businesses would be better placed to give the pay hike after fuel price cuts this year that reduced their costs. (Colombo/December 03 2015)