Caixa Geral de Depósitos (CGD) is facing criticism from the Finance Sector Unions, including the Sindicato do Setor Financeiro Mais, Sindicato Nacional dos Trabalhadores da Banca, Seguros e Tecnologias (SBC), and Sindicato dos Trabalhadores do Setor Financeiro de Portugal (SBN), as negotiations have commenced unfavorably. The unions highlight that the public bank is rejecting all proposed changes to the existing terms.
The unions report that CGD has proposed an average salary increase of 1.8% in the pay scale and financial clauses, excluding seniority bonuses and irregular work adjustments, which remain unchanged. Additionally, the meal allowance is set to rise by 24 cents.
This proposal is projected to result in a 3% increase in the wage bill, considering around 20% in promotions. It also maintains the current figures for performance and potential bonuses as well as commercial incentives.
During the initial negotiation meeting in early November, MAIS, SBN, and SBC rejected CGD’s proposal to not increase certain components, such as seniority bonuses. The unions have described CGD’s stance as detrimental to employees, reflecting a lack of respect for those whose dedication and professionalism have made the public bank the most profitable in the sector in Portugal.
