Collective bargaining agreement in Spain signed
A new collective bargaining agreement in Spain has been signed, stipulating a wage freeze for 2014.
In Spain, measures were initiated in the end of 2013 to change material aspects of the Spanish labor agreement in order to mitigate imposed cost increases for 2014. The final outcome of this process was expected no later than by the end of the first quarter of 2014, while in parallel negotiations between the unions and the employers have taken place. As a result, a new collective bargaining agreement stipulating a wage freeze for 2014 has been signed.
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Gisela Lindstrand, Senior Vice President Corporate Communications and Public Affairs, Securitas AB, mobile phone +46 70 287 8662, or email email@example.com
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Securitas AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 10.00 (CET) on February 28, 2014.