Tuesday, July 5

The salary increase remains at 2.4% in the agreements until May, with inflation triggered at 8.7%

Salaries agreed in collective agreements continue at an average of 2.4% in May, only two hundredths above those registered until April, according to statistics published this Friday by the Ministry of Labor. Meanwhile, inflation continues to shoot well above 8%. Specifically, at 8.7% year-on-year, with fuel and food prices skyrocketing, according to the year-on-year CPI for higher figures confirmed by the INE this morning.

CCOO and UGT pull out muscle against the employers with 1,500 negotiators of agreements: “Salaries or conflict”

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The average salary variation corresponds to all those collective agreements with economic effects until May. These are 2,198 agreements, affecting 548,756 companies and 5.8 million workers. Of them, 215 have been signed and registered so far this year, affecting 46,992 companies and 399,277 workers. The agreed average salary is 2.42% in the agreements signed before this year and so far this year the increase has been somewhat higher, 2.49%.

In private companies, the agreed increases are greater (2.8%) than in public companies (2.1%) and in State (2%) and regional and local administrations (2.1%).

By sectors, it stands out that the financial and insurance activities are the ones that have agreed the least salary increase for their staff (1.08%), followed by the hospitality industry (1.1%) and energy supply companies (1, 9%). The latter is a sector that is fully involved in price increases, with very high fuel and electricity costs.

By Autonomous Communities, the agreements in Aragon are those that have agreed the lowest salary increase (1.75%) and those that have registered the greatest increases are in Euskadi (5.1%), close to underlying inflation. This, which does not take energy and unprocessed food, the most volatile, into account in the evolution of prices, touched 5% (4.9%) in May.

65% of workers with raises between 1% and 2%

Most workers, 3.8 million people (65% of the total), have wage increases between 1% and 2%, according to Labor statistics. Another 206,536 employees have their salaries frozen, with 0% salary variation, and 174,985 are affected by agreements with salary increases between 0.01 and 0.9%.

Above 3% are the agreements of 21% of workers, 1.2 million people. These have collected average increases of 5.4%.

According to Treasury data published this week, wages in large companies increased in this line, 5.5% in April compared to the same month in 2021, the highest rate since 2008.

Only 15% of agreements with a review clause

The CCOO and UGT unions warned the employers yesterday, in a mobilization with 1,500 negotiators and negotiators of collective agreements, that either wages are raised more “or the conflict will be inevitable.”

The centrals require employers that this year salary increases be at least at the 3.5% reference, but that a salary review clause is also added so that workers do not lose purchasing power and adjust in the cost term their salary based on prices. The bosses flatly reject linking wages to prices.

In the total of collective agreements with effect until May, only 15% have salary review clauses, which cover 1.5 million workers. The increase in wages is higher in agreements with clauses, an average of 2.8%, compared to the average 2.3% among those who do not have this guarantee.


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