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Colombian President Gustavo Petro's decreed 23% raise in the country's minimum wage may now be rescinded for failing to follow laws mandating limits for such measures.

"...and I say it once and for all, in projects of law that generate FORCED INVESTMENT in the private financial system of Colombia" - President Gustavo Petro

President Santos said the goal of the negotiation is “to maintain the income of workers but also to avoid a negative effect" for those who earn the minimum.

The backpay and extended benefits apply retroactively to all Avianca pilots — not only the roughly 700 members of the ACDAC union.

The new monthly minimum will be 820,857 pesos, or just over $272 USD.

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...

Mintrabajo, Colombia’s ministry of labor, announced that the monthly minimum wage throughout the country will be set at $644,350 pesos per month, an increase of 4.6%. The labor minister, Luis Eduardo Garzón, announced that the increase was higher than in previous years, thus...