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 and FIM-CISL, FIOM-CGIL, and UILM-UIL, signed the National Collective Bargaining Agreement (CCNL) covering workers employed in the small and medium-sized metalworking, jewelry, and Unionmeccanica Confapi plant installation industries.
Among other things, the new contractual minimums effective as of June 1, 2024, were established following Istat’s announcement of the 2023 HICP 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, whereby the amounts will be adjusted, starting in June 2024, to the final HICP-NEI value.
Please note that the safeguard clause is a provision under which—if the actual inflation rate for the previous year, as measured by Istat using the HICP 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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