On November 5th 2025, the renewal of the National Collective Labour Agreement for executives employed by companies in the tertiary sector, distribution and services was signed and will apply from January 1st 2026 until December 31st 2028.
The key economic and regulatory updates are indicated below:
Base Pay Amounts
The contractual base monthly salary, currently set at €4,340.00, will increase as follows:
These increases may not be absorbed into existing individual remuneration arrangements, except in specific cases relating to amounts paid after July 31ST 2025 as an advance on future contractual increases.
Welfare
For the three-year period from 2026 to 2028, contractual welfare provisions have been improved, with the annual welfare allowance increasing from €1,000 to €1,500, to be used via the CFMT platform (i.e. the joint training and development body for executives established under the Collective Agreement). Any unused balance, in whole or in part, may either be carried forward to the following year or allocated to the Mario Negri supplementary pension fund for executives.
In addition, the annual cost of operating the CFMT platform will be reduced from €50 to €36, shared equally between the employer and the executive. Consequently, from 1 January 2026 until 31 December 2028, the total annual contribution payable to the Mario Negri supplementary pension fund (including the CFMT platform cost) will amount to €308.00 payable by the employer and €148.00 payable by the executive.
Mario Negri Fund
With effect from 2026, the supplementary contribution rates payable by both employers and executives to the Mario Negri Fund will increase.
Antonio Pastore Association
From the fourth quarter of 2025, the annual insurance premium for accident cover provided through the Antonio Pastore Association will increase from €410.00 to €560.00 per executive.
2. NATIONAL COLLECTIVE LABOUR AGREEMENT FOR THE METALWORKING INDUSTRY
On November 22th 2025, Federmeccanica-Assistal, together with the trade unions FIM, FIOM and UILM, reached an agreement on the renewal of the National Collective Labour Agreement for the metalworking industry, which had expired in June 2024. The agreement defines the new economic and regulatory framework for the sector for the next three years, until June 30th 2028. In addition to pay adjustments, the new Collective Agreement introduces a number of changes affecting work organisation, employee classification and the management of the contractual obligations for companies. Employers are required to provide employees on open-ended contracts with a copy of the new Agreement between October and December 2026, in order to ensure proper contractual information.
Increases in Base Pay
From a pay perspective, the main development is the increase in base pay, which will be implemented in three instalments to be paid with the June payroll in each of the next three years. For the reference level C3, the total gross monthly increase is €177.62. The table below summarises the new minimum wage for the different contractual levels:
