Luxembourg - Agreement concluded in banking - May 31, 2018

 After 18 months of tense negotiations, the trade unions OGBL, LCGB, and Aleba reached a breakthrough in the discussions of a collective agreement with the banking association ABBL. The bargaining result will introduce new classification and remuneration systems and has a clause that will lead to an increase of the June 2018 bonuses by 10%. It includes an improvement in flexible working hours and training of employees in the sector. The trade unions had increased the pressure on the ABBL in recent weeks. The agreement affects approximately 15,000 people in the sector. The negotiators decided to set up a sector-wide joint committee with the mandate to decide on issues such as employee functions being incorrectly defined.

Read on: in English

For more information, please contact the editor Jan Cremers or Sanne van der Gaag, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the Head of communications at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter or consult the archive with all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

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