The old savings banks and the unions agree to raise the salary of 55,000 bank employees by 5.25%

The former savings banks, grouped in the CECA association, and the main banking unions have agreed to apply an improvement bonus to the collective agreement that, to the 1% salary increase planned for 2023, will add an additional 4.

Thomas Osborne
Thomas Osborne
30 January 2023 Monday 11:24
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The old savings banks and the unions agree to raise the salary of 55,000 bank employees by 5.25%

The former savings banks, grouped in the CECA association, and the main banking unions have agreed to apply an improvement bonus to the collective agreement that, to the 1% salary increase planned for 2023, will add an additional 4.25%, of so that the revision stands at 5.25%, indicate union sources.

The agreement will apply to more than 55,000 employees of CaixaBank, Abanca, Unicaja Banco, Ibercaja Banco, Caixa Ontinyent, Colonya Pollença and Cecabank after the agreement with the FINE, CCOO and UGT unions, which represent more than 75% of the sector.

The improvement bonus of 4.25% will be applied to the base salary and the extra payments of the agreement. It will be paid in a differentiated payment and will be recurring and consolidated, in addition to being received universally for the entire workforce, with a minimum of 1,000 euros.

The objective of the measure is to help mitigate the negative effects of the extraordinary increase in the CPI. "The signatory unions managed to get the staff recognized as the main architects of the exceptional benefits that the entities of the sector are about to present", say the representatives of the workers.

CECA points out that the improvement is in line with the solutions established by the rest of the sector and other branches of activity to help their employees offset the effect of inflation.