Republic of Ireland – Reduction in the national minimum wage from February 2011Friday, January 21st, 2011
The new national minimum hourly wage rate of €7.65 will come into effect on February 1 following the signing of the order on 19 January. This is reduction of €1 on the current rate of €8.65.
The latest data from the Central Statistics Office shows that about 47,000 workers, or 3.1% of the employed labour force, are paid at or below the current adult experienced worker rate of €8.65 per hour.
Even after the reduction to €7.65 per hour, the new rate remains in the top tier of minimum wage rates set by European Union member states. It is about 12% higher than the equivalent minimum hourly rate in the United Kingdom.