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HomeLatest NewsThe employers and unions reached an agreement on the collective insurance agreement

The employers and unions reached an agreement on the collective insurance agreement

Date: July 19, 2024 Time: 02:25:59

New pact between employers and unions. The General Union of Workers (UGT) has communicated this Monday that it has closed a partial agreement between the employers’ association and the unions of the Spanish insurance sector. This tendentious agreement between both entities deals specifically with the collective agreement, which in this case improves the economic conditions of the workers. This new deal includes a 3.5% salary increase for the year 2023, which will be paid retroactively from January 1 after discounting the initial 0.8% increase that had already been included in the salary table initially approved for 2023.

The same will happen with the 2024 salary tables, although in that case the salary increase from which the 0.8% will be subtracted will be 3.25% on the final table of 2023. Likewise, the signatories of this agreement undertake that in the next sectoral collective agreement, the current system of adjusting the salary evolution to the rhythm of the economic activity in the gross domestic product (GDP) and corrected with the evolution will be maintained. of the consumer price index (CPI).

The first of the sector

The UGT union has valued the agreement reached this Monday in a “very positive” way, since “for the first time in the sector, a closed and published agreement is opened to partially modify it.”

With this agreement, the purchasing power of the more than 52,000 people who work in the insurance sector is recovered, in part, an improvement that will be transferred to the salary tables of the agreement, which means that it will be consolidated for the future, he adds.

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