The Spanish banking association (AEB), the sector's employers' representation body, negotiated with majority unions Comfia-CCOO (49.52%) FES-UGT (31.06%) and FESBIAC-CGT (12.23%), the 21st sectorial agreement, which will be effective during the next 4 years and will concern 113.000 employees. (Ref. 070558)
Wage increase and social peace : negotiations mostly revolved around the wage increase system. It will be of 2.75% the first year, and then 2% for each of the three following years. During the first year, a partial revision clause (with no retroactive effect) will readjust wages in accordance with inflation. The big novelty is that this revision will be complete and reactive contingent of inflation during the three following years, which marks one of the main differences with former agreements
…You are reading this article thanks to your subscription to Mind Retail.
Explore new horizons by checking out our other verticals:
Do you have information to share with us?