Spain's Mercadona agrees to wage raises through 2028

Spain’s Mercadona has agreed to raise wages by up to 6 per cent per year until 2028.

The announcement was made by the CCOO union on Monday, which said that workers at the country’s largest supermarket would see their salary raised by the annual rate of inflation by up to 2.5 per cent.

It added that if the pace of inflation is higher, Mercadona would allow wage raises up to 6 per cent if it meets profitability targets.

The new wage system will come into place from 1 January 2024 and run for five years.

Mercadona, which employs more than 100,000 workers across the country, had agreed to raise salaries by the rate of inflation for the past two years, and has said that it is committed to reducing working hours by 2025.

Spain’s 12-month inflation fell to 3.2 per cent in November, down from 3.5 per cent the months prior.

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