Italy: insurance sector hikes to pay to help workers cope with inflation

The new national collective agreement (CCNL) in Italy's insurance sector includes an average pay rise of €205 over three years and a €2,000 lump sum to account for the lack of recent wage increases, as well as a sharper focus on technological innovation and digitalisation. The social partners want to make the agreement the benchmark in the sector, at a time when many subcontracted workers benefit from less favourable conditions. The text, which covers around 47,000 workers, must now be approved by the employees' assemblies.
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Signed on 16 November by the employers’ organisation ANIA and the trade unions First-Cisl, Fisac-Cgil, FNA, SNFIA and Uilca, the agreement is characterised by “a strong social and innovative imprint”, according to the trade unions, which say it “comes at a time when it is necessary to recuperate the purchasing power of wages”. The new collective agreement comes into force immediately and will be valid until 31 December 2024.

Wage increase close to union demands

The average pay rise will be €205,

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