(Q24N) The increase will be staggered: 5% from June 1, 2016, 5% from June 1 2017, and 5% from June 1 2018.

From a statement issued by the ANEP:

The private sector represented in the National Minimum Wage Council, agreed to accept the request from workers to increase the monthly basic salary in the sectors of industry, maquila and the various agricultural sectors by 15%.

This increase will be implemented gradually in three stages:

5% from June 1, 2016, 5% from June 1 2017, and 5% from June 1 2018.

The only exception is the trade and services sector where the increase will be 4.5% per year, with the same date of entry into force, taking into consideration the weak situation of small businesses and the risk of an increase in informality being quite high.