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HomeLatest NewsCECA and unions agree to a 4.25% pay for 55,000 bank employees

CECA and unions agree to a 4.25% pay for 55,000 bank employees

Date: December 4, 2023 Time: 12:52:40

The employers’ creation of the banks created by the old savings banks, CECA, and the unions have reached this Wednesday an agreement for a new payment equivalent to 4.25% of the base salary that compensates for high inflation and the loss of purchasing power of more than 55,000 employees in the sector.

This new salary concept will be incorporated into the sector agreement on a recurring basis and will be equivalent to 4.25% of the base salary with a minimum of 1,000 euros for all workers. In addition, it is added to the previously agreed salary increase of 1%. “The agreement is in line with the solutions established by the rest of the sector and other branches of activity to help their employees offset the effect of inflation,” CECA explained in a statement.

The employers of the sector convened the Negotiating Commission of the Savings Agreement to address this Wednesday a possible wage increase, something that the unions have been demanding in recent weeks and that had even made them raise mobilizations.

SECB-Fine, CCOO and UGT, as the majority unions and signatories to said agreement, recalled last week that they had been demanding solutions since May to cushion the impact that the “extraordinary” rise in the CPI is having on the pockets of the sector’s workforce.

From May to last October 20, the two parties had been working on the matter, but outside the Negotiating Committee, the only one with the capacity to modify the agreement, so CECA’s willingness to hold meetings in this framework was welcomed with favored by the unions.

Sources close to the negotiation took it for granted that an agreement was reached, as it finally did, which translates into a salary increase for the employees of the savings banks and banks created by the old savings banks, with the exception of KutxaBank and Caja Sur to the margin of this agreement.

The labor agreement achieved more than 75% of the union representation -Secb-FINE, CCOO and UGT- more than 55,000 employees of CaixaBank were used -including workers from Bankia-, Unicaja Banco -with those who came from Liberbank- , Abanca, Ibercaja Banco, Caixa Ontinyent, Caixa Pollença and Cecabank.

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

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