News Flash No. 17/2023
Subject: Updates on contractual increases in the tabular minimums effective June 2023 related to the Metalmechanics Industry Collective Bargaining Agreement signed by Federmeccanica-Assistal, Fim, Fiom-Cgil and Uilm
By virtue of the new rules for determining contractual minimums, introduced by the safeguard clause included in the last contractual renewal of Feb. 05, 2021, and which adjusts wages to the increase in the cost of living, increases in contractual minimums in the Ccnl Metalmeccanici Industria (Metalworkers' Collective Bargaining Agreement) are based on a system of annual verification ex post, on an ex-post basis, of inflation as measured by the HICP index, net of important energetics.
From June 1, 2023, wage increases, initially quantified on a provisional basis, could be 6.6 percent, following ISTAT communication of the amount related to the 2022 IPCA adjustment considered net of important energetics. The increases from June 2023 would consequently be significantly higher than the total reference wage increase established in the CCNL for 2023 of 1.44% (equal to 27.00 euros for the C3 level).