Author: Sandra Alonso
This will affect around 260,000 workers
Unions and the National Association of Large Distribution Companies (Anged) — which includes companies such as El Corte Inglés, Carrefour and Ikea, among others — have agreed a 17 percent wage increase over four years, as part of negotiations for a new agreement for department stores, the largest in Spain, which will affect around 260,000 workers.
In 2023, an increase of a fixed 4.5% will be applied, and in 2024, another fixed 4.5%. This percentage will decrease to 3% in 2025, and 2% in 2026. In addition, employees will receive an assured non-consolidating variable of 3% in the last three years of the contract. According to the general secretary of Fetico, Antonio Pérez, department store workers will have a minimum salary of 18,000 euros per year at the end of the agreement.
Source: La Vozde Galicia
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
