Spain: wage cuts and mobility, first pitfalls in the negotiations for the new collective agreement in the savings bank industry

Publication

15 May 2011 à 18h16

Reading time

2 minutes

Publication: 15 May 2011 à 18h16

Reading time: 2 minutes

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With the current inflation forecasts, employers’ offer would mean a 1% pay cut as of 2011, which would have repercussions on the following years.  Union representatives said this offer was “aggressive” and “intolerable” and refuse to make all employees pay for the delicate situation of a few entities.
Publication

15 May 2011 à 18h16

Reading time

2 minutes

Publication: 15 May 2011 à 18h16

Reading time: 2 minutes

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os para relaciones laborales, ARCAL) rejected the union’s proposal for wage moderation and proposed an annual 4.5% cut from the CPI over the next four years. (Ref. 110327)

With the current inflation forecasts, employers’ offer would mean a 1% pay cut as of 2011, which would have repercussions on the following years. Union representatives said this offer was “aggressive” and “intolerable” and refuse to make all employees pay for the delicate situation of a few entities.

UGT and CCOO based their

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