The Banking Collective Bargaining Committee agrees to a 4.5% salary increase in 2023

November 29, 2022
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The Spanish Banking Association (AEB) and the CCOO and UGT trade unions have agreed, within the Collective Bargaining Committee, to a salary improvement that will be applied starting in 2023.

The agreed improvement will entail a 4.5% increase over the 2022 salary scales, instead of the 1.25% initially foreseen in the Collective Agreement. This means the consolidation of an additional 3.25%, which will begin to be received from next January 1.

Both parties, with the two signatory trade unions representing 71.38% of union representation, consider the agreement reached to be satisfactory, as it fulfills the objective of helping to mitigate the effect of inflation on sector workers.

The AEB highlights the value of the agreement and believes that both parties have acted with the responsibility required by the extraordinary socioeconomic circumstances we are facing.

The decided salary increase is a recognition of the effort and personal commitment of banking sector employees in this exceptional context.

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