The banks and unions agree on a salary increase of 11% in three years

The AEB banking association and the CCOO, UGT and Fine unions signed an agreement this Tuesday that contemplates a salary increase of 11% in three years, from 2024 to 2026. expandable by 2% more depending on the CPIfor some 140,000 employees in the sector.

The banking agreement is sealed after the principle of agreement reached at the end of July and after the success of the mobilizations promoted by CCOO, UGT and FINE. The vast majority of employees of Santander, BBVA, Sabadell or Bankinter, among others, are subject to the agreement.

In addition to the salary increase, the agreement provides for an additional day of leave in each of the years 2024, 2025 and 2026. The agreement also includes a global payment guarantee for the workforce of 65% of the agreed increases, with 70% being applied by 2024, 70% by 2025 and 50% by 2026.

Additionally, The agreement establishes an increase of 6.11% of the three-year periods during the three years of validity of the agreement, both for seniority and technicians.

Also includes a increase in other salary concepts such as the temporary plus and the functional versatility bonus, which will be revalued in the same percentage as the agreement tables, up to 13.40% accumulated based on the CPI.

Despite the fact that the banking agreement does not achieve the same benefits as the savings agreement, to which employees of banks created by the old savings banks such as CaixaBank or Unicaja Banco, or that of cooperatives, mostly rural savings banks, are subject, The unions show their satisfaction. “The independent unionism of FINE has been decisive in signing a historic agreement that reflects such an important demand of our staff as the limitation of the absorption and compensation clause that has caused so many imbalances in recent years,” said Elena Díaz, president of FINE, in a statement.

After months of negotiations, with concentrations and partial strikes in the sector and a twenty-four-hour strike in the Banks, a solution has been achieved to the demand of the workforce to recover the purchasing power lost in recent years.

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