CGD announced that it has agreed with the Union of Employees of Group Companies (STEC) to review the salary scale, with an increase of 76 euros for all levels, and the monetary expression clauses referring to 2023.
“The processing will be done together with the salary of the month of March,” Caixa Geral de Depósitos (CGD) suggested in a released statement.
As for the monetary expression clauses, the institution reveals that “most posts will have a 5% increase,” including seniority, child support, and study allowance, but that a “significantly higher” increase will be applied to meal allowances (9.36%), birth support (12.5%) and student worker (7.58%).
The agreement also provides for a maximum value of housing loan, which increases by 8.7%, which according to CGD translates to a “strengthening of the bank’s commitment” to the birth rate, worker qualification and access to housing, as well as “support for workers in the current situation”.
CGD says the conclusion of the agreement with the union, under the current company agreement, represents the sixth year in agreement with the unions, and the “first national credit institution to review the salary table for 2023”.
“The conclusion of the revision of the tables and clauses of realized monetary value is yet another distinctive element in the package of remuneration conditions for Caixa’s employees,” he says, also recalling the increase in variable remuneration this year, following the transfer of Pension Fund for Caixa Geral de Aposentação (CGA).
At the press conference for the presentation of the 2022 accounts earlier this month, CGD Executive Chairman Paulo Macedo announced that he would pay wages for March with a 4% increase if he did not quickly reach an agreement with the unions.
Paulo Macedo revealed at the time that CGD’s proposal presented during the salary negotiations was higher than 4%, but without specifying the concrete value.
Even without an agreement with the unions, Santander, BPI and Novo Banco have been paying salary increases of 4% since January, the same increase that Crédito Agrícola has applied since March with retroactive effect to January, salary updates unilaterally decided by the banks, which is lower than the demands of the trade unions.
CGD’s profit in 2022 was 843 million euros, 44.5% more than in 2021, after the sole shareholder, the state, paid the bank’s “biggest dividend in history”, amounting to 352 million euros.
Source: DN
