Mozambique: Millennium BIM bolsters reserves, no dividend from 2024
File photo: Lusa
The increase in minimum wages in Mozambique, ranging from 2.9% to 9% depending on the economic sector, will have retroactive effect from 1 July, according to ministerial decrees seen by Lusa today.
According to the decrees dated 22 September, these salary adjustments affect eight different sectors of the Mozambican economy. The last increase in the minimum wage took effect on 1 April 2024, with the previous adjustment occurring in April 2023.
The new adjustments stem from proposals discussed since August by the Labour Consultative Commission, which brings together the government, employers, and trade unions.
Specifically:
In the mineral extraction industry:
In the manufacturing industry, the new minimum wage is 10,147.50 meticais (€135.40), up 6.8%, with some exceptions:
In the electricity, gas, and water production and distribution sector:
In construction, the minimum wage increases by 5%, to 8,400 meticais (€112.10).
In the non-financial services sector, the minimum wage rises 7.8% to 10,310 meticais (€137.60), with exceptions:
Finally, in financial services:
At the Labour Consultative Commission’s most recent meeting on 1 September in Maputo, the Confederation of Economic Associations (CTA) — Mozambique’s largest business association — said that “possible results” had been achieved through “calm and flexible” negotiations.
“Given the need to maintain jobs, the possible results were achieved — perhaps undesirable, but possible — recognising the difficulties that exist for each of us. Naturally, life is difficult, not only for ordinary citizens, but also for employers,” said CTA representative Victor Miguel.
At the time, the specific figures had not yet been disclosed. However, the National Confederation of Free Trade Unions of Mozambique (Consilmo) considered the outcome unsatisfactory, but called for its implementation.
“The results achieved in the negotiated minimum wages are not satisfactory, but they were the best we could achieve. Our joy as a union is not in achieving the results, but in fulfilling what was achieved,” said Boaventura Simbide, representing Consilmo.
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