[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"page:work\u002Fcollective-bargaining-agreement\u002Fupdates\u002F2018\u002Fromania-bargaining-in-banking-and-finance-march-31-2018":3},{"id":4,"slug":5,"title":6,"short_title":7,"intro_text":7,"meta_description":8,"seo_title":8,"path":9,"content_type":10,"locale":11,"go_live_at":7,"first_published_at":12,"page_created_at":13,"published_at":12,"edit_url":14,"breadcrumbs":15,"seo":28,"body_blocks":36,"call_to_action":42,"categories":49,"labels":50,"owner":7,"authors":51,"related_pages":52,"related_sites":53,"in_subsite":54,"contact_page_url":55,"banner_message":56},12858,"romania-bargaining-in-banking-and-finance-march-31-2018","Romania - Bargaining in banking and finance - March 31, 2018",null,"","\u002Fwork\u002Fcollective-bargaining-agreement\u002Fupdates\u002F2018\u002Fromania-bargaining-in-banking-and-finance-march-31-2018","pages.newspage","en","1969-12-30T23:00:00+00:00","2025-12-15T15:28:23.830029+00:00","\u002Fcms\u002Fpages\u002F12858\u002Fedit\u002F",[16,19,22,25,27],{"title":17,"slug":18},"World of Work","work",{"title":20,"slug":21},"Collective Bargaining Agreement","collective-bargaining-agreement",{"title":23,"slug":24},"Collective Bargaining Updates","updates",{"title":26,"slug":26},"2018",{"title":6,"slug":5},{"title":6,"description":8,"image":29,"canonical":30,"robots":31,"og_type":32,"twitter_card":33,"locale":11,"created_at":34,"last_modified_at":35},"https:\u002F\u002Fwageindicator.org\u002Fmedia\u002Fimages\u002FSocial_media_preview_image_-_2025.2e16d0ba.fill-1200x630.png","https:\u002F\u002Fwageindicator.org\u002Fwork\u002Fcollective-bargaining-agreement\u002Fupdates\u002F2018\u002Fromania-bargaining-in-banking-and-finance-march-31-2018\u002F","index, follow","website","summary_large_image","1969-12-31T00:00:00+01:00","2025-12-26T22:44:01.528326+01:00",[37],{"type":38,"data":39},"raw_html_block",{"content":40,"variant":41},"\u003Cp>Since the government changed sectoral bargaining laws in 2011, workers’ ability to have industry-wide representation was restricted. Unions have to represent more than 7 % of the sector’s workforce to agree to sectoral representation. As a result, pay and working conditions deteriorated. Moreover, the changing banking environment characterised by massive investments in IT infrastructure and cutting offline units and jobs forces trade unions to save jobs and obtain benefits for employees who lose their jobs. Banks already cut around 15,000 jobs during the last decade. The current collective agreement which expires at the end of this year, says employees who lose their jobs are eligible for compensation benefits up to 12 monthly salaries. But in recent years, the unions detected a tendency to reduce benefits for workers who lose their jobs, due to limited job creation. The Federation of Trade Unions in Insurance and Banking (FSAB) is preparing for a historic fight to regain the sectoral bargaining rights. A sectoral agreement would cover all the 100,000 workers employed by the finance companies and raise standards in the industry.\u003C\u002Fp>\n\u003Cp>Read on: \u003Ca href=\"http:\u002F\u002Fwww.uniglobalunion.org\u002Fnews\u002Fromanian-finance-unions-gear-restore-sectoral-bargaining\">in English (1) …\u003C\u002Fa>   \u003Ca href=\"http:\u002F\u002Fwww.business-review.eu\u002Fnews\u002Fbank-employees-unions-enter-man-vs-machine-war-banks-prepare-for-generation-z-by-investing-in-technology-and-cutting-staff-but-real-clients-in-romania-still-want-real-bankers-161364\">in English (2) …\u003C\u002Fa>\u003C\u002Fp>\n\u003Cp class=\"CM3\">\u003Cspan class=\"discreet\">\u003Cspan color=\"#666666\" size=\"2\">For more information, please contact the editor Jan Cremers or Sanne van der Gaag, Amsterdam Institute for Advanced Labour Studies (AIAS) \u003C\u002Fspan>\u003Ca href=\"mailto:cbn-aias@uva.nl\">\u003Cspan color=\"#0567d1\" size=\"2\">cbn-aias@uva.nl\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan color=\"#666666\" size=\"2\"> or the Head of communications at the ETUI, Willy De Backer \u003C\u002Fspan>\u003Ca href=\"mailto:wdebacker@etui.org\">\u003Cspan color=\"#0567d1\" size=\"2\">wdebacker@etui.org\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan color=\"#666666\" size=\"2\">. For previous issues of the \u003C\u002Fspan>\u003Ci>\u003Cspan color=\"#666666\" size=\"2\">Collective bargaining newsletter\u003C\u002Fspan>\u003C\u002Fi>\u003Cspan color=\"#666666\" size=\"2\"> please visit \u003C\u002Fspan>\u003Ca href=\"http:\u002F\u002Fwww.etui.org\u002FE-Newsletters\u002FCollective-bargaining-newsletter\">\u003Cspan color=\"#0567d1\" size=\"2\">http:\u002F\u002Fwww.etui.org\u002FE-Newsletters\u002FCollective-bargaining-newsletter\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan color=\"#666666\" size=\"2\"> or consult the archive with all articles in our database at \u003Ca href=\"http:\u002F\u002Fwww.cbnarchive.eu\u002F\">www.cbnarchive.eu\u003C\u002Fa>. \u003C\u002Fspan>\u003C\u002Fspan>\u003Cspan class=\"discreet\">\u003Cspan color=\"#666666\" size=\"2\">You may find further information on the ETUI at \u003C\u002Fspan>\u003Ca href=\"http:\u002F\u002Fwww.etui.org\u002F\">\u003Cspan color=\"#0567d1\" size=\"2\">www.etui.org\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan color=\"#666666\" size=\"2\">, and on the AIAS at \u003C\u002Fspan>\u003Ca href=\"http:\u002F\u002Fwww.uva-aias.net\u002F\">\u003Cspan color=\"#0567d1\" size=\"2\">www.uva-aias.net\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan color=\"#666666\" size=\"2\">.\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"CM3\">\u003Cspan class=\"discreet\">\u003Cspan color=\"#666666\" size=\"2\">© ETUI aisbl, Brussels 2018. All rights reserved. We encourage the distribution of this newsletter and of the information it contains, for non-commercial purposes and provided the source is credited. The ETUI is not responsible for the content of external internet sites. The ETUI is financially supported by the European Union. The European Union is not responsible for any use made of the information contained in this publication. \u003Cbr\u002F>This email is sent from \u003Ca href=\"http:\u002F\u002Fwww.etui.org\u002F\">www.etui.org\u003C\u002Fa>.\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>","light",{"text":43,"link":44},"Contact us",{"title":43,"url":45,"description":43,"rel":46,"type":47,"id":48},"\u002Fabout\u002Fcontact","follow","internal",24590,[],[],[],[],[],false,"\u002Fwork\u002Fliving-wages\u002Fcontact-us","\u003Cp>Welcome to WageIndicator. Same organisation, same information, new look!\u003C\u002Fp>"]