A meeting is set to take place at the new headquarters of the Economic and Social Council (CES), which has relocated from Belém to the Palácio das Laranjeiras in Lisbon, starting at 3:00 PM.
As usual, it will be chaired by the Minister of Labor, Solidarity, and Social Security.
This meeting, expected to be the final one before the early legislative elections scheduled for May 18, will include an assessment of the “execution of the tripartite agreement on wage appreciation and economic growth for 2025-2028,” signed on October 1 by the government, the four business confederations, and the UGT, as stated in the meeting’s agenda note published on the CES website.
It was initially planned for the social partners to begin discussing possible changes to labor legislation during this social dialogue. However, the political crisis has postponed these discussions.
In the agreement signed on October 1, the government adjusted upwards the trajectory for the national minimum wage, projecting annual increases of 50 euros until 2028.
Regarding the benchmark for the overall increase in wages (negotiated collectively), the government maintained the values set in the agreement signed by the previous administration (4.7% in 2025 and 4.6% in 2026). For 2027 and 2028, the rate is set at 4.5% for each year.
The agreement also covers other areas, including benefits related to corporate income tax (IRC), exemptions on productivity bonuses, and a progressive reduction in IRC until 2028.
