Economy

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Colombia approves 5.9% minimum wage hike in 2018

Colombian President Juan Manuel Santos announced today that he has reached an agreement to raise country’s minimum wage by 5.9% in January. The hike brings the minimum wage to $781,242 Colombian pesos, or about $265 US dollars at today’s exchange rate. In...

Still no deal on minimum wage hike in Colombia

Colombia’s minimum wage is set to increase again this January, as negotiations continue between the country’s business sector and representatives of the working class. Griselda Restrepo, Colombia’s Work Minister (Ministerio del Trabajo), said that...

Avianca pilots end 51-day strike

Avianca’s pilot union, Asociación Colombiana de Aviadores Civiles (ACDAC), announced today that they have suspended the strike that they started 51 days ago. Pilots informed the airline that they will return to work this coming Monday. The strike suspension was...

Avianca requests pilot strike be declared illegal

The pilot’s strike at Avianca reached its 11th day on Sunday, with little hope in sight as negotiations continue to remain at an impasse. 702 pilots from the Colombian Association for Civilian Aviators (ACDAC), equivalent to a half of Avianca’s pilots,...

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