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Spain holds its first general strike in 14 years over housing and wages

FinanceInternationalLa FMAI summary
Image: La FM

Spain faces a 24-hour general strike this Wednesday, the first in 14 years, called by CCOO, UGT, the Tenants' Union and other organizations under the slogan "Wages, housing, prices". Organizers speak of millions of participants, while the employers' association reports relatively normal activity. Wages agreed in collective bargaining rise 3% against 4.9% inflation. BBVA Research estimates a cost of close to 1.7 billion euros.

In 35 seconds

  • CCOO, UGT and the Tenants' Union called a 24-hour stoppage focused on the cost of living and access to housing.
  • The Tenants' Union estimated about four million participants; CEOE reported normality and CEIM put private-sector participation in Madrid below 10%.
  • Collective bargaining wages rise 3% against 4.9% inflation, and rent approaches 50% of net salary, according to Asufin.
Read the full story at La FM

IASummary generated by artificial intelligence from a story by La FM. It may contain errors: the original source prevails.

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