Opposed by workers
Socialist Press1977 1977-11-02Read it in the scan (PDF), scan page 2 →
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We of a UGT accept This w Madrid dicatęs Pact.
reprint below the text leaflet entitled "The of Madrid does not the Moncloa Pact". as issued last month by Bank workers and inthe feeling against the The Assembly of Industry and Local Union Federations of the UGT of Madrid decided in the meeting held on October 10 to denounce the so-called 'Moncloa Pact' in which the Government tried to get from the political parties what it couldn't get from the unions.
We denounce the agreements reached, which in fact represent a Social Pact which the UGT has always opposed. Through this pact signed without reference to the unions and against the unions another attempt is being made to make the solution of the economic crisis fall on the backs of the workers.
A wage cut is clearly and precisely outlined. Maximum wages are fixed which annul the factory or industry negotiations. The agreement also allows free sacking of up to 5 per cent of the workers who get more than the maximum 22 per cent wage increase.
On the other hand the Banks, one of the most important centres of the present Spanish economic crisis, carry on completely untouched when everyone knows that small and medium firms are failing because the Banks are denying them credits.
Because of all this we take this opportunity to declare ourselves once again against the Social Pact.
We say no to any pact which tries to tie down the working class so as to soive a crisis not created by those workers but is the result of the capitalist system.
NO TO THE REPRESSION OF BANK WORKERS!
TO FREEDOM AGAINST THE SOCIAL PACT!
LABOUR AMNESTY!
Provincial Committee of the Trade Union of Banks, Stock Exchange, Savings and Credit of the UGT of Madrid.
October 13 1977 Signing the Moncloa Pact