FAECYS Agrees 5.7% Quarterly Raise and $50,000 Bonus for Commerce Workers

Overview

• FAECYS and employer associations CAC, CAME and UDECA signed a new collective bargaining deal that covers October–December 2026, the parties announced Tuesday.
• The pact gives a 5.7% increase for the quarter, paid as 1.9% in October, 1.9% in November and 1.9% in December.
• Workers will also receive a $50,000 extraordinary bonus split into two $25,000 payments in October and November.
• The agreement preserves the previously negotiated $120,000 extraordinary payment and continues the monthly Osecac contribution, and these one‑off sums do not raise base salary or social security contributions.
• FAECYS, led by Armando Cavalieri and representing over one million affiliates, framed the deal as a pragmatic response to economic strain that boosts take‑home pay while limiting formal wage hikes and may influence upcoming sectoral negotiations.