Canary Islands Collective Agreement Update for Fred Olsen Ground Staff

Overview

The Canary Islands' labor authorities have officially approved a collective agreement update for Fred Olsen's ground staff, confirming a 2% salary increase for 2026.

The move follows a recent meeting of the joint negotiation committee, where both parties agreed on the adjustment based on the previous year's salaries.

The agreement specifies that overtime pay will be updated according to the national labor law, calculated on the basis of the current salary categories and a standard annual working hours total of 1,662.

Key Details

• The salary increase for 2026 is set at 2%.
• Overtime pay will be updated according to national labor law.
• Overtime calculations are based on current salary categories and 1,662 standard annual working hours.
• Any back pay from the adjustment will be included in the March 2026 paycheck.

Significance

• Ensures Fred Olsen employees receive a modest raise this year.
• Demonstrates ongoing negotiations and cooperation between the company and workers’ representatives.
• Signifies a positive step amid economic recovery efforts in the tourism and transportation sectors in the Canary Islands.

Official Statement

The approval was signed by the Director General of Work, José Ramón Rodríguez, highlighting:

"This is an important step in labor rights and fair wages for workers in the region, especially as tourism rebounds post-pandemic."

Implications

• Sets a precedent for future updates in local labor agreements.
• Reflects economic stability and a commitment to worker wellbeing.

Summary

This update marks a significant development in labor rights and fair wages in the Canary Islands, reinforcing the collaborative efforts between employers and workers as the region continues its economic recovery.