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Inflation Surge Tightens Negotiation for the Rise of the Minimum Wage in 2027
Summary by Noticias De Navarra
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5 Articles
The updated inflation expectations outlined in the 2027-2029 Medium-Term Program (MTP) announced by the Presidency have clarified the picture for the new minimum wage increase that millions of workers will receive. According to initial calculations using the targeted inflation and welfare share formula, the net minimum wage is expected to exceed 35,000 Turkish Lira.
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The Ministry of Labour faces negotiations over the next few months to address a further increase in the minimum wage (SMI) in 2027 with the rise in background inflation, a factor that anticipates further tensions also in the area of wage negotiation between companies and trade unions.
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