ANDI President Summarizes Colombian Business Leaders’ Views on the 2027 Minimum Wage
For the first time in the history of the National Association of Business Owners of Colombia (ANDI), founded in 1944, a woman has been elected to lead it. She is Luz Stella Murgas, a lawyer from Universidad del Rosario and a specialist in Tax Law. Among the main challenges of her tenure will be strengthening […]
Luz Stella Murgas, the new President of the National Association of Business Owners of Colombia (ANDI), has outlined the key principles guiding the upcoming discussions on the 2027 minimum wage. The business association leader, who brings extensive experience from Ecopetrol and the National Hydrocarbons Agency, emphasized that the salary adjustment should adhere to the traditional formula of inflation plus productivity.
However, she declined to provide a specific figure for the wage increase, stating that the decision must be reached in collaboration with other key stakeholders in the negotiations. Murgas stressed the importance of a technical, prudent, and responsible approach, aiming to improve wages while maintaining companies' capacity to generate employment.
The wage discussion is now closely linked to the fiscal adjustment law, with the National Government, business owners, and labor unions set to meet on November 18 to begin the negotiations.
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