[Malta] Minimum wage hike to €213.54 will begin in 2024

In Malta, the government has announced an increase in the country’s weekly minimum wage that will take it up to €200.73 on January 1, 2024. The cost of living adjustment (COLA) of €12.81 for 2024 means that the minimum wage will total €213.54 next year, Malta Today reports.

In its announcement the government also detailed plans for the minimum wage to continue to increase until it reaches €210.73, by 2027. The figure excludes the COLA increases for each year. 

In a press briefing, David Xuereb - Low Wage Commission (LWC) Chairman - stated that this rise in minimum wage follows months of discussions with all social partners. 

Mr Xuereb reportedly said that the increase is a major success for the commission since it represents a consensus reached by a number of differing bodies. 

Some social partners did make concerns about the minimum wage hike public. The Malta Chamber reportedly called such rises “naive at best, suicidal at worst”. 

The government, however, stated that all social partners finally came to an agreement. 

Mark Musù - vice-chairman of the LWC - detailed the increases expected in the years to come. Mr Musù explained that minimum wage employees who currently earn between €192.73 and €198.73 per week will see their wages increased by €2 to €8 in 2024, together with the COLA. 

Malta’s weekly minimum wage is set to increase to €203.73 in 2025, €206.73 in 2026 and €210.73 in 2027 (excluding the COLA increases given each year). 

Andy Ellul - parliamentary secretary for social dialogue - reportedly praised the work carried out by the LWC, stating that the announced increases will give affected workers dignity.

Source: Malta Today

(Link via original reporting)

In Malta, the government has announced an increase in the country’s weekly minimum wage that will take it up to €200.73 on January 1, 2024. The cost of living adjustment (COLA) of €12.81 for 2024 means that the minimum wage will total €213.54 next year, Malta Today reports.

In its announcement the government also detailed plans for the minimum wage to continue to increase until it reaches €210.73, by 2027. The figure excludes the COLA increases for each year. 

In a press briefing, David Xuereb - Low Wage Commission (LWC) Chairman - stated that this rise in minimum wage follows months of discussions with all social partners. 

Mr Xuereb reportedly said that the increase is a major success for the commission since it represents a consensus reached by a number of differing bodies. 

Some social partners did make concerns about the minimum wage hike public. The Malta Chamber reportedly called such rises “naive at best, suicidal at worst”. 

The government, however, stated that all social partners finally came to an agreement. 

Mark Musù - vice-chairman of the LWC - detailed the increases expected in the years to come. Mr Musù explained that minimum wage employees who currently earn between €192.73 and €198.73 per week will see their wages increased by €2 to €8 in 2024, together with the COLA. 

Malta’s weekly minimum wage is set to increase to €203.73 in 2025, €206.73 in 2026 and €210.73 in 2027 (excluding the COLA increases given each year). 

Andy Ellul - parliamentary secretary for social dialogue - reportedly praised the work carried out by the LWC, stating that the announced increases will give affected workers dignity.

Source: Malta Today

(Link via original reporting)