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HomeLatest NewsCalviño will review the anti-crisis measures after knowing the business margins

Calviño will review the anti-crisis measures after knowing the business margins

Date: February 26, 2024 Time: 19:28:00

The Set of Measures of the Social Shield Have Protected the Spanish Economy from the Stakes of the War in Ukraine, This Is The Thesis That The Government Has Defended During The Last Months, Wrapped By The Revisions Upside Of The Economic Forecasts For Spain Of The International Monetary Fund (IMF) or the European Union. Some of them are annual, such as discounts for state-owned public transport or VAT reductions applied to gas and electricity bills. However, the measures applied to contain the upward trend in food prices and direct aid such as the 200-euro check expire on June 30. The Ministry of Economic Affairs refuses to anticipate whether they will be extended or if new ones will be chosen, but points out that the decision will not be made until checking the evolution of prices up to that date.

Nadia Calviño’s portfolio has also set the goal of having the business margin observatory ready in June, with the aim of starting it up that same month, as pointed out by the Ministry’s number two, Gonzalo García Andrés. Sources close to the minister maintain that this tool is designed mainly to guide the implementation of public policies, since it will allow a more approximate picture of the economic scenario. Which makes it more than likely that the Government will take the accumulation of data added by the Observatory as support to discern which measures are applied and what is kept in the drawer.

The Ministry of Economic Affairs and Digital Transformation has carried out intense work in the development of the organization since the incumbent announced its creation in April from Washington, at a press conference. The observatory of business margins will bring together data and statistics from the National Institute of Statistics (INE), the Tax Agency and the Bank of Spain with the purpose of “monitoring the competition of the Spanish economy”, according to the Secretary of State for Economy. Sources from this portfolio confirm that the last steps are being taken for its design, before involving the social agents in the process, which, they say, they will count on.

The role of employers and unions, in doubt

At the moment, it is not clear what role employers and unions are going to play in the observatory, despite the fact that the Economic Affairs initiative was announced after the CCOO proposed a similar tool that could be used in collective bargaining. Portfolio sources confirm that contact with social negotiators is “permanent” and that they are studying the way in which both sides of the table can participate. Nadia Calviño’s entourage does not rule out that CEOE, Cepyme, CCOO and UGT may be part of the observatory, although they point out that their presence could be reduced to holding periodic meetings. A scenario that seems more likely given the reluctance shown by the leaders of the business organizations, Antonio Garamendi and Gerardo Cuerva, due to the possible “interventionism” of this instrument.

CEOE and Cepyme completely rejected the possibility that the Government could determine what the margins of the different economic sectors and companies had been when the UGT and CCOO raised it for the first time publicly, in the framework of the negotiation of the Agreement for the Employment and Collective Bargaining (AENC), sealed just two weeks ago. The unions affirmed that they were willing to lower their demands for salary increases in those sectors in which the economic results had not been positive, as a consequence of the increase in general costs. However, the employers understood that this proposal was not serious and advocated not involving the Executive in collective bargaining, which only affects workers and employers.

The reaction of the CCOO and UGT secretaries, Unai Sordo and Pepe Álvarez, was completely opposite, they welcomed this ‘wink’ from the Government with open arms and urged a contact that, for the moment, has not taken place. However, the latest information shared by the Secretary of Economy in the Congress of Deputies, the observatory will not allow linking the evolution of margins to wage negotiations. At least this is not going to be possible at the specific level of the companies, since their names will not appear, but the Ministry will handle “the aggregated data of the sectors.”

Labor critics and unions

These statements have led the Minister of Labor and Economy to label the design of the observatory as “lukewarm.” Yolanda Díaz has criticized that there are already statistics that show the competition and that the main need is to develop a tool that links the examination of the margins to “the salary revaluations of the workers and workers in our country.” For this reason, she has maintained that her ministry does not share the approach. The Calviño department includes among the objectives to have an approximation to the distribution of income and salaries, something that from Labor is understood insufficient.

The unions gave up having this tool for the AENC negotiations, given the intense refusal of the employers’ representatives, as is relieved by the fact that there is no reference to this issue in the text agreed between the social agents. However, there are 1,300 agreements to be updated that could have used this device to achieve more ambitious increases or moderate their claims depending on the progress of the sector. Therefore, it seems that the bosses’ thesis is gaining ground, despite the fact that the rest of the fronts rule out that it gave rise to any type of interventionism, since these are official data.

From the CCOO they are disappointed by the latest statements from the Economy that forget the second aspect that the observatory aspired to cover: transferring information to collective bargaining. Specifically, the Union sources acknowledge their concern that Nadia Calviño’s Cabinet has not made any contact, while it has separated the Treasury Geneer from Social Security and the Work Portfolio, who have the information about The Agreements Signed. Something that they interpret does not correspond to the harmony shown by the President of the Government when commenting on the measure in March from Lanzarote.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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