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"Salary increases" must ensure BCP's "sustainability vision"
The chairman of BCP said today that when he makes decisions about salary increases, he has to think about the sustainability of the bank in the future, and that no one more than his team wants to pay the workers better.
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Economia BCP
Today, at the press conference to present the results of the first quarter (profits of 234.3 million euros), Miguel Maya was questioned about the salary negotiations at BCP - the bank proposes 2.25% and the unions reject it - stating that he does not accept "discussing salary issues in the public square" and that he only does so at the negotiating table with the unions.
The manager said, however, that he has "many doubts that the salary increases that BCP has made in recent years have been made" and that the salary cuts that BCP workers have had in the past, at a difficult time for the bank, were compensated by the current administration before it started paying dividends to shareholders.
Maya also considered that it is not possible to talk about salary increases justifying with the record profits of 2023 (856 million euros), because these results are for one year, while the salary increase remains every year while the worker is in the bank and that they have to take into account the sustainability of the institution.
"There is no one at Banco Comercial Português or in any union who wants to pay employees more than the six members of the Executive Committee, they may have the same. Now, our concern is to have a vision of sustainability, it is not to think about today and tomorrow we will see. When we are making decisions, we see the bank today, the bank in the future, the risks, the consequences", he said.
BCP's latest proposal for salary increases in 2024 is 2.25%, a value rejected by the unions. In fact, the unions also reject the other proposals existing in the sector because they consider them to be very low compared to the increase in the cost of living and the profits of the banks (the proposal of the banks that subscribe to the Collective Labor Agreement of the sector is 2.5% and the proposal of Caixa Geral de Depósitos is 3.4%).
The National Union of Banking Executives and Technicians (SNQTB) announced a demonstration for May 22, during the general meeting of Millennium BCP, to demand a "fair salary increase". He also said that he is available for a general strike of banking unions for up to three days if other unions agree.
At the end of March, BCP had 6,269 employees in Portugal.
Read Also: BCP defends the end of the "burden of extraordinary taxes" on banks (Portuguese version)
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