Social partners share a common analysis of the need to extend one more year the agreement of wage reduction effective in Spain since 2007. The goal of this maintained austerity is to strengthen companies' stability in front of the uncertainties caused by the international financial crisis and the slowdown of the real estate sector. In addition, negotiations are about to be concluded on the introduction of a minimum €1.000 payment in the public sector and increasing minimum wage to 600 euros in the private sector. (Ref. 070884)
Wage increases should not exceed 3%, according to the first interactions between Juan Jimenez Aguilar, from the employers’ confederation CEOE and the representatives of the two main trade union confederations, Juan Ignacio Fernandez Toxo for the CCOO and Tony Ferrer for the UGT. They presented the extension of the interconfederal agreement for the collective negotiation (AINC) as almost concluded. The State Secretary for Employment, Antonio Gonzalez, thinks that this reduction will help maintai
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