Increase in Minimum Wages Under the National Collective Bargaining Agreement for the Metalworking Industry – Confapi
- June 28, 2024
- Reading time: 1 min
News Flash No. 22/2024
On June 11, 2024, UNIONMECCANICA, with the assistance of CONFAPI, FIM-CISL, FIOM-CGIL, and UILM-UIL, signed the National Collective Bargaining Agreement (CCNL) applicable to workers employed in the small and medium-sized metalworking and jewelry industries, as well as in the installation of Unionmeccanica Confapi systems.
Among other things, the new contractual minimums effective as of June 1, 2024, were established following ISTAT’s announcement of the 2023 IPCA adjustment rate (excluding major energy costs), which, at 6.9% (higher than the overall reference wage increase established in the National Collective Bargaining Agreement renewal), triggered the safeguard clause; as a result, the amounts will be adjusted, starting in June 2024, to the final IPCA-NEI figure.
We would like to remind you that the safeguard clause is a provision under which—if the actual inflation rate for the previous year, as measured by Istat based on the IPCA index in early June of each year, is higher than what was projected at the time of contract renewal—“the minimum wage rates” are “adjusted to the resulting amount.”
Below are the new lows since June 2024:
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