UGT and CC OO offer employers to include some guarantee clauses linked not only to inflation but also to corporate profits
The unions are once again taking the reins of a new collective bargaining agreement (AENC) and this Wednesday sent a new proposal for a salary increase for the next three years to the employer, after all dialogue was broken off last May by both completely opposing and irreconcilable views. Almost a year later, and in order to unblock the negotiations and establish a new agreement, his offer proposes a reformulation of the salary review clauses and introduces new criteria based on the economic evolution of the companies.
This was the main stumbling block of the previous negotiations: these clauses that protect workers’ purchasing power against the price fluctuations that the CEOE flatly refused to accept at a time when inflation rose to levels not exceeding 10% in decades. This is how the unions respond to one of the employers’ demands: link the wage increase to the real progress of the companies, albeit only partially.
Concretely, the joint document prepared by the UGT and CC OO defends an increase in the wages of the employees covered by the agreement (about ten million) by 5% for 2023, 4.5% for 2024 and 3.75% by 2025; ie an overall increase of 13.25% over the next three years.
In addition, they propose to include a wage revision clause in collective agreements that combines two criteria: on the one hand, the evolution of the purchasing power of wages; and on the other hand, the economic situation of the companies, measured by the evolution of their profit margin, according to the document.
Source: La Verdad

I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.