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Events
Increase of minimum wage rate to come into effect from next January www.montsame.mn
Ulaanbaatar /MONTSAME/ A decision to increase the minimum wage rate to MNT 1904 per hour or MNT 320 thousand was made last Friday at the tripartite negotiation of Labor and Social Consensus.
In this regard, Minister of Labor and Social Protection S.Chinzorig, President of the Confederation of Mongolian Trade Unions Kh.Amgalanbaatar and CEO of the Mongolian Employers’ Federation Kh.Ganbaatar held a press conference on August 20.
At the press conference, Minister S.Chinzorig noted that according to relevant law, the minimum wage rate must be renewed every two years.
The decision will take effect from January 1, 2019. Moreover, the minimum wage will be increased to MNT 420 thousand from 2020.
Currently, the minimum wage is MNT 240 thousand, which came into force since January 2017. A working group was set up to revise the decision in April, 2018.
B.Misheel
Published Date:2018-08-21
