Luxembourg -Investment banker signs social plan -April 01, 2013

Negotiations that took around one month, following the announcement that the company would axe over 200 jobs, have led to a social plan at RBC Investor Services. A joint monitoring committee will supervise the implementation of the social plan. Whilst up to 288 jobs were threatened under cost-cutting measures at this branch of the Royal Bank of Canada, unions managed to reduce the number to 210. Unions, staff representatives and the management agreed compensation payments for employees based on their age and the duration of their time at the company. Additionally, benefit payments will take into account the family situations of employees.

English: http://www.wort.lu/en/view/rbc-investor-services-signs-social-plan ...  

 

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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