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Friday, January 27, 2023

Employers and unions of old savings banks agree to pay 4.25% of wages to compensate for the rise in inflation

The bodies affiliated with the CECA employers’ association representing old savings banks have agreed this Wednesday with the unions to compensate for the loss of purchasing power due to the creation of a new wage of 4.25% of the base wage for their employees. inflation. The measure will affect more than 55,000 employees belonging to CECA affiliated banks, including CaixaBank, Unicaja, Abanca and Ibercaja. The agreement has been signed by the FINE, CC OO and UGT unions, which represent more than 75% of the workforce.

“Institutions affiliated with CECA and those bound by the collective agreement of savings banks and financial institutions have reached an agreement with the trade union representation of the sector to offset the effect of the increase in CPI today”, the note sent by Tonight included. Is. employer. According to INE, inflation closed last year with an increase of 5.7%.

Salary is thus included in the collective agreement. “This is equivalent to 4.25% of the base salary of the agreement with a minimum of 1,000 euros for all employees and is in addition to the increase already provided for in the existing agreement,” the statement said. Further, it is added to the 1% increment already agreed upon.

This increase follows the line of combating high inflation in the region. Employees of entities affiliated with the Spanish Banking Association (AEB) reopened their pact at the end of November and agreed a 4.5% wage increase through 2023. In their case, the measure affects more than 90,000 employees.

The CECA is thus trying to settle the claim of the unions for the sector, who have been pushing for a wage hike for months despite the threat of mobilisation. In fact, protests were called for before the headquarters of Caixabank, Unicaja, Ibarcaja and Abanca, coinciding with the presentation of their 2022 results. Faced with this pressure, they tried to reach a deal that protected workers from the blow of skyrocketing inflation, although it is now showing signs of relief. The Comisiones Obreras claimed in their previous claims that these compensatory measures should be taken up in the wage table. That is, concrete.

Thus the agreement affects more than 55,000 employees of CaixaBank, Unicaja, Abanca, Ibarcaja, Caixa Otinient, Caixa Pollenca and Secabank. In other words, the banks of the old savings banks, with the exception of Kutxbank and Caja Sur.

World Nation News Desk
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