Republic of Ireland – Reduction in the national minimum wage from February 2011

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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.

Further information:

New national minimum wage rate to take effect on February 1

Tags: Recent Payroll News, Reduction of NMW, Republic of ireland

This entry was posted on Friday, January 21st, 2011 at 16:27 and is filed under Minimum Wage, NMW, Republic of Ireland. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.