The bank and the unions met on Tuesday to discuss improving the agreement, which was signed before December 31st. The meeting, which began at 11 a.m. and ended after 7 p.m., ended with an agreement 4.5% wage increase by 2023 vs. 1.25% expected in a collective agreement. But not the three unions represented at the negotiating table, as FINE has dissociated itself.

“This measure is taken on the basis of a well-known CPI agreed in the Industry Observatory”, highlight from most unions. However, from FINE, another union with representation at the table, they explained that they did not sign because it only changes by 3.25% what was already agreed and “He will not reach the majority of the compositiongiven the digestible nature of any organ-regulated complement.”

As soon as final data on CPI and corporate profits for 2022 are available, both unions will push for the re-opening of the observatory and, as appropriate, the Agreement Negotiating Commission to take new compensatory measures.

“This agreement was made possible in the negotiating commission convened today as a consolidation of the commitments and common conclusions made at the industry observatory after several months of union-initiated meetings, and as part of the mobilization of the Wage or Conflict campaign. “, – said a source in the union.

In addition, from CCOO and UGT stands out as “It is a precedent of great importance that such an important employer in the CEOE sector as AEB has resumed negotiations on a closed and ongoing agreement.”assuming the existence of an exceptional economic situation which could not have been foreseen at the time of the signing of the Agreement and which was very different from that which existed at the time of its negotiation.

By this measure, first,the pressure that inflation puts on workers in the industry under the scope of the XXIV Collective Banking Agreement”, urging us to a later stage in 2023, when the CPI and corporate profits for 2022 are known and closed.

Elena Diaz, President of FINE noted that “the cumulative 2021/2022 CPI of 12.60% affects us all, and with this caption any expectation of compensation for lost purchasing power is lost”.

The CCOO and UGT describe this as a “strategic agreement as part of a confederate campaign to unlock AENC negotiations, not limiting this requirement to agreements in the process of negotiation but also to existing agreements, and seeking recurring structural rebalancing and consolidation measures, rather than just compensatory payments in the form of one payment.