Caixa Geral de Depósitos (CGD), Portugal’s state-owned savings bank, has decided to implement an average 3.25% pay increase with retrospective effect from January 1, to be paid along with this month’s salary, even as negotiations continue with the trade unions, which have already rejected this figure. In a communiqué sent to employees today, which Lusa has seen, CGD states said that “the average increase of 3.25% corresponds to a minimum increase of 3% at each level of the salary scale, with a minimum of €52.63”. Last week, trade unions announced that “after yet another fruitless negotiation meeting” with bank officials they have decided to “call a strike at the bank for March 1” – arguing that “workers have the right to decent pay rises.”
State bank CGD implements average 3.25% pay rise rejected by unions
