Luxembourg - Social plan at Nordea bank - June 30, 2018

After weeks of negotiations, the trade unions concluded a social plan for Nordea Bank's division that was presented in a joint statement. ALEBA, LCGB and OGBL, the trade unions for financial services, reached an agreement with the management. The bank will drop initial plans to use a capping system to compensate nearly 150 staff members, who stand to lose jobs when Nordea's private banking operations are transferred to Swiss bank UBS.

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For more information, please contact the editor Jan Cremers or Sanne van der Gaag, Amsterdam Institute for Advanced Labour Studies (AIAS) or the Head of communications at the ETUI, Willy De Backer © ETUI

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