CECA reaches a collective agreement for the savings sector for five years

An agreement has been reached with the majority of union representation and is pending approval by the General Directorate of Labor and subsequent publication in the BOE.

With this agreement, the entities of CECA are the first companies to include the new regulation on teleworking in their agreement.

The entities associated with CECA, linked by the Collective Agreement of Savings Banks and Financial Entities, reached a collective agreement for the sector for the period 2019-2023 yesterday.

The new agreement provides a framework of regulatory stability that both companies and workers consider positive and necessary to address the significant challenges that the financial sector will face in the coming years, including its crucial contribution to the recovery of the economy.

The agreement will have a duration of 5 years for the first time, until December 31, 2023. This will be the longest validity agreed upon since the inception of sectoral regulation.

Regarding salaries, the agreement reflects the commitment to moderate salary expenses that will take place during the five years of the agreement’s validity.

Teleworking is recognized as an innovative form of organization and execution of labor provision stemming from the advancement of new technologies, and the right to digital disconnection is acknowledged, whose regulation contributes to the health of workers by reducing, among other issues, technological fatigue or stress, thereby improving the work environment and the quality of work. The entities of CECA are the first companies to include the new regulation on teleworking, recently approved in Royal Decree-Law 28/2020, of September 22.

CECA and its associated entities positively value the agreement reached as it combines compliance with the new regulatory framework with the introduction of flexible working methods currently demanded by banking activity.