The Spanish employers’ organization is meeting today to ratify the preliminary agreement for a salary increase

The Spanish employer CEOE has called for this Monday executive committee to, predictably, approve the preliminary agreement for a salary increase agreed with the UGT and CC trade unions. oo. The last Friday.

Both sides continued to negotiate the “marginal” this weekend to conclude the collective bargaining and employment agreement, including the recommendation of increase wages by 4% in 2023 and 3% in 2024 and 2025, with the option to add up to 1% each year depending on price increases.

“At this point we are close to the agreement, although there are details, some of them of depth, that need to be finalized this weekend,” CC’s general secretary said Friday. Oh, unai deaf. The union leader suggested that The trade union bodies will meet this week to ratify the agreement when it finally comes into being.

For his part, the general secretary of the UGT, Pepe Alvarezindicated that the final text “is still in preparation”, although he acknowledged that there were “prospects of an impending agreement” as it was “rather closed”.

Negotiations for a new Employment and Collective Bargaining Agreement (AENC) had been on stagnant since May 2022when employers refused to include inflation-related wage revision clauses to guarantee purchasing power, something the unions demanded.

The CEOE also rejected that this negotiating framework included a 2022 increase, i.e. retroactively something that will ultimately be left out of the agreement, though Sordo pointed out that the agreement “does not waive” these possible retroactive improvements.