Tuesday, February 7, 2023

Vodafone will review the wages of its 4,000 employees in Spain in January, although the increase will not come until July

High inflation and broad price increases that have occurred throughout 2022 risk losing workers’ purchasing power if wages do not rise accordingly. For this reason, many large companies have been implementing wage increases for their employees in recent months.

Now it is the turn of telecom operators, especially vodafoneWith whom? Talks with unions will begin from January to review wages to its 4,000 employees in Spain to offset the effects of the higher cost of living.

In November, both the company and the unions decided to automatically renew the pre-existing collective agreement that governs its workforce in Spain under the condition that, In January, the two sides will negotiate a new compensationAs revealed by union sources Information,

However, the wage increase may take time to reflect in the payroll, as stipulated in the current collective agreement Pay review doesn’t take effect until July 1Something the unions will try to negotiate.

Vodafone, for its part, recalls Your financial year starts in April and ends in March of the following year. and that the 2023 budget in Spain, on which salaries will depend, is not yet closed or defined.

Movistar, Orange and Vodafone accelerate rate hikes hidden under “more for more”: this is how payments for internet and telephone in homes have evolved in the ‘low cost’ war

At the end of August, the operator decided to raise the price of its rates in Spain, which have been Use consumer price Index (IPC) to calculate the average services cost Which you offer to your existing and new customers when it’s time to upgrade.

It is the only company in this sector that has taken this step, but at the same time, Salaries of none of its employees in Spain are not linked to the CPIThe opposite of what happens with the other operators.

Instead, it uses 2 metrics: revenue from services – which fell 4.5% between April and September 2022 – and profitability over the past year. At most, a limit of 2.5% was established for cases above 105% compliance.

Due to all of the above, it is believed that the talks will be intense, but they may end with a wage increase, although nothing is certain at the moment.

Nation World News Desk
Nation World News Deskhttps://nationworldnews.com
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