The savings sector reaches an agreement to help offset the impact of the CPI

The entities associated with CECA and linked by the Collective Agreement of Savings Banks and Financial Entities have today reached an agreement with the sector’s union representation to offset the impact of the increase in the CPI. The aforementioned agreement includes the creation of a new salary concept that will be incorporated into the collective agreement on a recurring basis. It amounts to 4.25% of the base salary according to the agreement, with a minimum of 1,000 euros for all workers, and is in addition to the increase already provided for in the current agreement.

The increase is in line with the solutions established by the rest of the sector and other branches of activity to help their employees mitigate the effects of inflation.

The labor agreement will apply to more than 55,000 employees of CaixaBank, Abanca, Unicaja Banco, Ibercaja Banco, Caixa Ontinyent, Colonya Pollença, and Cecabank, and has been reached with more than 75% of the union representation held by the unions FINE, CCOO, and UGT.