The government has issued guidelines for state-owned companies to “implement a remuneration policy” in line with the agreement reached with the social partners, which provides for a 5.1% wage increase for 2023.
According to a message sent to the editors, in the dispatch addressed to the administrations of the companies, “the Treasury confirms that by 2023 these should increase the global wage bill by 5.1% compared to 2022, ensuring operational efficiency, economic and budgetary sustainability and respective financial ratios”🇧🇷
“The reference value takes into account all effects and compensation components, including salary updates, advancement opportunities, promotions and meal allowances, but excludes any financial consequences resulting from the net change in the number of employees”refers.
The order further states that “the implementation of the orientation for the wage policy should be defined in each company or group of companies through collective bargaining, if they exist, without prejudice to situations where the instruments of collective labor regulation or other legal provisions already guarantee or exceed the valuation objective”🇧🇷
On October 8, the government and social partners reached a medium-term agreement on income, wages and competitiveness, which includes a wage increase of 5.1% for the following year and 4.8% for the following year, the increase in the national minimum wage from the current 705 euros to 760 euros in 2023 and a cost increase of 50% with a wage increase based on corporation tax for companies that increase salaries by or above the amounts set in the agreement.
The agreement was signed by the Confederation of Portuguese Farmers (CAP), Confederation of Portuguese Companies (CIP), Confederation of Tourism of Portugal (CTP), General Union of Workers (UGT) and Confederation of Commerce and Services of Portugal (CCP). The CGTP refused to formalize the agreement, claiming that the planned measures are “insufficient” to address the problems of workers, retirees and pensioners.
Source: DN
