EU jobs chief nominee: no plan for European minimum wage

European Commissioner designate for Jobs Nicolas Schmit sits prior his hearing at the European Parliament in Brussels, Tuesday, Oct. 1, 2019. (AP Photo/Francisco Seco)
European Commissioner designate for Jobs Nicolas Schmit drinks prior his hearing at the European Parliament in Brussels, Tuesday, Oct. 1, 2019. (AP Photo/Francisco Seco)

BRUSSELS — The official set to become the European Union's employment chief has no plan to create a European minimum wage.

Laying out his priorities during a hearing by European lawmakers, Nicolas Schmit said he will fight for the implementation of minimum standards aimed at tackling revenue disparities across the EU, but insisted minimum wages can't be the same everywhere.

Schmit, who has been picked to take on the jobs portfolio in the next European Commission, said "by no means" he wants to create "a European frame for minimum wages."

According to the Eurostat agency, 22 out of the 28 member states had national gross minimum wages as of January 2019, ranging from 286 euros in Bulgaria to 2,071 euros in Luxembourg.

People also read these

Quick-fire Bailey storms to individual biathlon...

Feb 16, 2017

US-BIATHLON-WORLD:Quick-fire Bailey storms to individual biathlon gold

Leader of Germany's far-right party meets Putin...

Feb 21, 2017

US-GERMANY-ELECTION-AFD:Leader of Germany's far-right party meets Putin allies in Moscow

Iran's enriched uranium stock halves after...

Feb 24, 2017

US-IRAN-NUCLEAR:Iran's enriched uranium stock halves after flirting with limit: IAEA

Toro Rosso still open to re-branding of engine

Feb 27, 2017

US-MOTOR-F1-TOROROSSO-ENGINE:Toro Rosso still open to re-branding of engine

Austria's foreign minister suggests halving...

Mar 1, 2017

US-EUROPE-AUSTRIA:Austria's foreign minister suggests halving number of EU commissioners

Sign up now!

About Us

The Market Noise is the first place to look when you need financial and economic insights. We deliver the most accurate news in the business and marketing world to you.

Latest News