The union led by Unai Sordo plans to ratify the agreement today and set a 4% increase in 2023 and 3% for 2024 and 2025.
The wage agreement between the CEOE and the CC unions. oo. and will be UGT signed this Wednesday, according to what the president of the Spanish employers’ association, Antonio Garamendi, has put forward.
The agreement, which sets increases of 4% for 2023 and 3% for 2024 and 2025, is today endorsed by CC. ooh., as the business associations and UGT did yesterday. The union led by Unai Sordo met its Confederal Committee and its Confederal Council, the highest body between congresses, this morning at 3 p.m.
Garamendi has confirmed that neither the President of the Spanish Government, Pedro Sánchez, nor the Second Vice President and Minister of Labor, Yolanda Díaz, will be invited to the signing ceremony. As he explained, it is a bipartisan agreement, which is the sole responsibility of unions and business.
The chairman of the CEOE has nuanced the agreement reached with CC. oo. and UGT of “very important” as it generates social peace, which is “the greatest infrastructure a country can have”.
The salary pact, formally called the V Interconfederal Agreement on Labor and Collective Negotiation (AENC), is a text in which trade unions and the business community recommendations for their collective bargaining negotiators, which often include both a salary trajectory and other employment-related matters, e.g. recruitment issues. It is not mandatorybut it serves as a guideline for both sides when they sit around the table to negotiate a collective agreement.
Negotiations for a new agreement had stalled since May 2022, when employers refused to include inflation-related wage review clauses to guarantee purchasing power, something the unions were asking for.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
