EPM General Manager Alvaro Rendón says he will resign only after meeting with the Board of Directors, despite Medellín Mayor Daniel Quintero's request for his head; this just days after Quintero dismissed Rendon's ouster as politically motivated false rumors.
The Colombian government has set minimum legal wages, transportation subsidies, and the integrated wage for higher paid employees for 2021, reflecting a 3.5% increase over 2020 levels.
Thank you for being a consistent reader of Finance Colombia. We are committed to maintaining our free subscription model, but were you aware of the benefits of being a paid member?
Colombia has completed the 8-year accession process, now making it a full member of the OECD: The Organization for Economic Cooperation & Development based in Paris.
On November 21, massive protests took place throughout Colombia; the largest at least since 1977, over 40 years ago. Though limited labor union strikes and university student protests are fairly common in Colombia, this was a public action unseen in Colombia for at least two...
Yesterday, President Juan Manuel Santos, along with Finance Minister Mauricio Cardenas and Labor Minister Luis Eduardo Garzón, signed into law Decreto (Decree) 2552 of 2015, setting the Colombian monthly minimum wage at $689,455 pesos. This power was given to the executive branch...