Compromise reached on EU standards for minimum wages

EU states and the European Parliament have agreed on uniform standards for minimum wages in the European Union. According to Dennis Radtke (CDU), the Parliament’s chief negotiator, the compromise includes standards on how statutory minimum wages are to be set, updated and enforced. In addition, the bill stipulates that “When the collective bargaining coverage rate is below 80% in a Member State, a National Action Plan is required to progressively increase the number of workers protected”. The regulation will affect some 24 million workers across the EU, said co-rapporteur Agnes Jongerius (S&D).