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HomeLatest NewsEl Corte Inglés obtains a loan from the EIB for green energies...

El Corte Inglés obtains a loan from the EIB for green energies of 74 million

Date: May 31, 2023 Time: 06:27:09

El Corte Inglés has subscribed together with the European Investment Bank (EIB) to a financing of up to 74 million euros that would give rise to the Spanish company to strengthen its energy efficiency and digital transformation plan until 2024. As explained by the company this Tuesday, the financing involves a green loan from the EIB, with a type of financing whose characteristics “fully comply” with the requirements of Climate Action and Environmental Sustainability (CA&ES) of this European bank.

The energy efficiency plan incorporates improvements in refrigeration, lighting and air conditioning in the network of facilities and department stores, as well as in the management of their energy consumption. In addition, it includes investments in its logistics center in Valdemoro (Madrid), specifically aimed at the production of decentralized and integrated renewable energy with self-consumption fines, reports the group of department stores and reports the EFE agency.

The measures will be implemented throughout the Spanish geography, with more than half of the stays considered cohesion by the EU, adds El Corte Inglés. The company calculates that this plan will mean up to 176 Gwh per year of energy savings and will generate about 12 Gwh per year of renewable energy. 2016 and 2021.

Unions demand a salary increase of 18% in 4 years

On January 13, the negotiations of the collective agreements for department stores were held through the constitution of a new table, after the expiration of the previous agreement that ended on December 31. The new agreements must be promulgated in a context marked by the war in Ukraine and the rise in prices, due to the latest increases in inflation.

These agreements, which will affect companies such as El Corte Inglés, Carrefour, Alcampo, Apple, Ikea, Fnac, Media Markt, Costco, Norauto, Leroy Merlin and Obramart, among others, will mean the largest wage negotiation for workers in Spain, promulgating the achievement of an objective that would benefit a large part of the employees.

Specifically, the new agreement will be negotiated by a social table in which the Fetico Independent Trade Union Confederation, as the majority union with 55% of the representation and seven members at the table, will lead this negotiation, as reported by the union. In addition, the social part will also have the presence of two members of CCOO, two from Fasga, one from UGT, one from ELA, one from LAB and another from CIG. The negotiation meetings will begin on February 3.

Specifically, the union will propose to the employer a salary increase of 18% in four years, at a rate of 4,225% per year, to which is added a reduction in the working day to 1,758 hours, compared to the current 1,770, a single payment to Signing of an agreement for a non-consolidable amount of 4.5% and a reduction of holidays and Sundays to work to 25% (free 75%).

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

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