The Ecuadorian Ministry of Labor Dec. 17 issued Ministerial Agreement Nos. MDT-2024-300 and MDT-2024-301, announcing: 1) a 2.174 percent increase in the unified basic salary (UBS) to US$470; and 2) minimum sectoral salaries, wages, and rates for the private sector. The agreements enter into force Jan. 1, 2025. [Ecuador, Ministry of Labor, 12/17/24]
Reference:
View Ministerial Agreement No. MDT-2024-300. View Ministerial Agreement No. MDT-2024-301. View Announcement. View Index.
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