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Minimum Salary Increase in Venezuela by Fabiana Benaim
Norton Rose Canada LLP - Caracas Office
Esther Cecilia "Kelly" Blondet
Norton Rose Canada LLP - Caracas Office
Juan Carlos Pró-Rísquez
Norton Rose Canada LLP - Caracas Office
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May 7, 2012
Previously published on May 2012
On April 24, 2012, the President of the Republic issued Decree Nš 8,920 (the Decree) establishing an increase of 30% in the minimum salary of public and private sector workers. This increase shall become effective May 1, 2012, with an increase equal to 15%, followed by an increase equal to 15% on September 1, 2012. Below are the most significant aspects of the Decree.
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