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agreement between employees and employers on a salary increase

2023-05-08 16:35:00

« The trade unions and employers’ organizations are once more at the height of our country “, rejoiced the Communist Minister of Labor, Yolanda Diaz, on her Twitter account. Spanish trade unions and employers have agreed on a 4% wage increase this year and 3% in 2024 and 2025 to compensate for increases in recent months. This agreement concerns employees of collective agreements and was ratified on Monday by the UGT union and by the employers’ organizations CEOE and Cepyme.

The other major trade union federation, Workers’ Commissions (CCOO), must approve it in turn on Tuesday. An additional increase of 1% is planned in the event of inflation at very high levels.

However, this agreement will not lead to an automatic and general increase in wages in the country, but will serve as the basis for collective bargaining in the various branches.

Debt: Spain undertakes to reduce its public deficit to below 3% by 2024

Spain continues its good momentum

With inflation contained below 6% at the start of the year once morest 9.2 on average in the rest of the euro zone and growth of 5.5% in 2022 thanks to tourism, Spain is in the lead of the most dynamic countries of the European Union. A sign of this good health: unemployment fell slightly to 12.87% of the active population last year, with a strong increase in jobs on permanent contracts (+1.6 million), boosted by a reform of the labor market in force since January.

Inflation: Spain a good student in the euro zone

The government has greatly helped households to the tune of 50 billion euros by abolishing VAT on basic foodstuffs or by giving a check for 200 euros to families with incomes less than or equal to 27,000 euros per year.

Moreover, Spain’s GDP increased by 3.8% in the first quarter compared to the first quarter a year earlier, while the economists expected a sequential increase of 0.3% of GDP and 3% on an annual basis.

Socialist Prime Minister Pedro Sanchez, back in power since 2018, said: “ iThere is more social peace in Spain than in most of the countries of the European Union because there is a social dialogue that the government has restored ».