Spain collective-bargaining wages lag inflation

What happened before and after this story. Background events not previously covered were summarised by AI.

1. 10 May 2023Background

   Spain's social partners sign V AENC wage deal recommending 4%, 3% and 3% rises

   On 10 May 2023, Spain's main employers' groups and unions signed the V AENC, recommending pay rises of 4% in 2023 and 3% in 2024 and 2025.

2. 

   10 Nov

   Spain's collective-bargaining wages rise 3.1%, nearly two points below inflation

   Pay under collective agreements in Spain is up 3.1% this year, almost two points behind inflation, wiping out the purchasing power regained since 2023.