New deals bail out anti-inflation clauses and set increases of over 3%

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government Antonio Costa He wants Portugal to become “Europe’s tourism school” with more vocational training – today about half of its professionals have only primary education – and the merger of around 200,000 affiliates in the medium and long term. This is an enormous task, not only because of the size of this figure, but above all because of the industry’s weak incentives to hire staff. This salaries In accommodation and restaurant businesses, it is around 770 euros per month in the north of the country.According to the Coordenação e Desenvolvimento Regional do Norte (CCDRN), it is an autonomous organization, but dependent on the Lisbon Administration itself. In fact, the weak weight of collective bargaining in the Portuguese economy has caused a sudden loss of purchasing power in all professions with no signs of reversal. A talent filter in Galicia where unions and employers conspired with employment contracts, sparking some controversy renovated more generous. Collective agreements with salary review clauses have returned, as can be seen from the nearly twenty agreements reached last semester in the states of Pontevedra and Ourense. They cover more than 70,000 people.

The last to be registered in the Register of Contracts (Regcon) was the marble and stone company in Pontevedra, with 812 workers. It’s a three-year deal, up 3% in the first two years and 2.75% in the last year. But it does include an anti-inflation shield, a review clause that disappears from most such employment contracts. if he CPI Will grow by more than 10% between January 2022 and 2024, salaries will be reassessed the following year (2025) at the same rates, with a maximum limit of 13%. Of course, without retroactive effects and without the right to borrow money. Same assurance introduced in the new contract for 800-employee auctioneers and sawmills, including a 4% reassessment of salaries for the two-year validity period (2022-2023). If the CPI rises more than agreed, there will be a wage review for that surplus effective January 1.” In all cases analyzed except Atunlo O Grove (155 employees) and Metalships & Docks (53), new contracts will be signed this year. based on a 3% salary increase for

purchasing power

However, these salary improvements incorporated into the deals do not correct the strong loss of purchasing power in recent months, even though inflation in Galicia has fallen to the two-point annualized threshold. One of the best examples is the furniture trade agreement that affected just over 600 people in Pontevedra. I was outdated For 2019 and 2020, with payroll below the inter-professional minimum wage and without raise. For this current year, the agreement includes a 7.62% improvement in the payroll until the dependent’s monthly salary reaches EUR 1,028.

25 thousand construction workers are under the contract, which includes a 4.75% wage increase and will be updated in case of a deviation of more than 3 points in the CPI at the end of the year. Analysts of the Fundación de Cajas de Ahorros (Funcas) are likely to include it in their panel of inflation forecasts and point to an increase in the indicator to 5% in December and gradually decrease again over the next year. rose to an annual average of 3.2%. If a significant deviation occurs, Pontevedra’s metalworkers are also protected by a review clause that will result in up to 5% improvement in their payroll. With around 30,000 employees, this is the most relevant sectoral agreement in all of Galicia. and this year – through strikes – is the most controversial of all that has been negotiated.

Gefco Spain (182 workers), ribeira carpentry companies, metal trade, Marfrío fisheries or Ourense’s metallurgical trade are other agreements that add a wage guarantee clause to the draft of the new document or directly bind the payroll update. With CPI progress. A Coruña’s various trading companies, with more than 35,600 affected, will apply a 13.5% increase in salaries (valid for 2022-2025) with a review clause that will not only improve salaries. “In case the real CPI at the end of 2023, 2024 and 2025 exceeds the salary increases agreed for each, respectively, Salary tables, permanence bonus and transportation bonus will be increased for the next year without any delay.and with a point cap on salary increase agreed each year,” he says, explaining the deal. Groups such as Kiwi Atlántico have agreed with the unions on a two-year revaluation of 8.5%, and the shipyard Construcciones Navales Paulino Freire (Freire Shipyard) has set a ceiling of 7.5% in case an unforeseen event occurs in 2023, and fast – no house of analysis would consider this possibility – inflationary increase.

According to the latest salary cost survey for the first quarter, the average salary in Galicia was €1,710 (regular salary cost), and the industry (€1,926) was once again the best-paid activity. Again, despite an economic stimulus comparable to the scarce 926 euros paid according to CCDRN’s official statistics, the majority of their companies have current – or foreseeable future – problems in retaining or training talent. in Portugal per month in industrial jobs.

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