The unions SNQTB, Mais, SBC and SBN announced that they had reached an agreement with Montebio for a 4.5% salary increase this year for active and retired workers, which will be processed in November and retroactive to January.
In a statement, the national unions dos Quadros e Técnicos Bancários (SNQTB), Sector Financeiro (Mais), Bank Workers of the Center (SBC) and Financial Sector Workers of Portugal (SBN) said that the 4.5% update to Montbio’s Geralt collective labor agreement applies to 2023 on the schedules of active and retired workers and other financial expression items.
In May this year, the bank had already implemented a unilateral increase of 3%, but only for active workers, excluding pensions for retirees.
Now, in view of the agreement with the unions, all schedules and financial expression items will increase by 4.5%.
“There were long months of negotiations before an agreement was reached, where the starting point was a proposal from Montebio Giral, unsustainable and unacceptable, to increase salaries by 2.5%,” highlights the SNQTB.
Highlighting the union’s continued rejection of the “simple proposals” put forward by Montebio Geral, the SNQTB considers that the bank “ended up meeting what was a balanced and reasonable solution” and welcomes “the position of the Montebio Executive Committee.”
In contrast, Maes, SBC and SBN stated that “after countless meetings and many arguments from the UGT unions, Montebio understood the urgent need to review salaries and pensions, in the interests of social peace.”
“Montebio realized that the employees of the institution deserve the same as those working in other integrated centers [instituições de crédito] In this sense, he stated that he had made a great effort to accept the percentage values negotiated in the Banking Sector Law.
Since processing of October salaries is already underway, updates will be made in November, including all payments retroactive to January 2023.
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