Spanish banks and the country’s two biggest unions on Tuesday reached an agreement to raise wages of employees in the sector by 4.5% in 2023 compared to 2022, the banking association AEB and the union CCOO said in a statement.
Wages in the financial sector have been barely touched as staff costs remained subject to the 2021-23 labour agreement signed with the unions.
“The agreed improvement will mean an increase of 4.5% on the 2022 salaries, instead of the 1.25% that was initially foreseen,” the AEB said in a statement.
Most of Spain’s largest banks such as Santander (SAN.MC), BBVA (BBVA.MC), Sabadell (SABE.MC) and Bankinter (BKT.MC) are members of AEB.
Source – SABC news
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