Honduras sets two-year rise on minimum wage

After months of talks, representatives of bosses and trade unions agreed in Honduras yesterday on an increase of as much as 7 percent to the minimum wage for this year and next.

The wage is set by a complicated formula in which the lowest increase is just under 5 percent for the workers of the smallest of companies rising to 7 percent for those in firms with 150 or more employees.

]On average, the deal amounts to a minimum wage of some $390 a month. The unions say that some 2 million workers will benefit.