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The Spanish Government will sign an increase in the minimum wage. What will the new SMI be?

Once the agreement is signed, the Royal Decree is expected to be passed this Tuesday, with an increase of 3.1%.

Pedro Sanchez eta Yolanda Diaz Kongresua
The President of the Spanish Government, Pedro Sánchez, and the Minister of Labour, Yolanda Díaz. Photo: EFE

On Monday, the Spanish Government will sign the new Interprofessional Minimum Wage (SMI) with the CCOO and UGT unions, which will increase from the current €1,184 (in 14 payments) to €1,221, i.e. an increase of €37 per month or €518 per year.

The signing of the agreement will take place at the Ministry of Labour and will be attended by the President of the Government, Pedro Sánchez, and the Second Vice-President and Minister of the area, Yolanda Díaz. Once the agreement has been signed, it is foreseeable that the Royal Decree containing the increase in the minimum wage will be adopted in the Council of Ministers on Tuesday.

With an increase in the SMI of 3.1%, the minimum wage for 2026 will be EUR 17,094 gross per year and EUR 40.70 gross per day. For temporary and temporary workers, the SMI will be EUR 57.82 according to the legal working day of the activity.

The increase in the SMI will be implemented retroactively from 1 January this year and will affect some 2.5 million workers.

Sanchez last attended an SMI promotion event in 2020. The rise at the time was the last agreed by the employers. Since then, over the past six years, the ministry has only agreed to raise the minimum wage with the unions.

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