According to the Luxembourg Bankers’ Association (ABBL), staff working in the subsidiaries of Credit Suisse in Luxembourg will receive employment protection for a period of two years. Following the abrupt but swift takeover one of the main concerns was employee redundancy following the merger. Further clarifying the employment future of Credit Suisse employees in Luxembourg, a spokesperson for the ABBL confirmed that “the collective agreement for the banking sector provides a framework for the continuity of employment in the event of a merger and acquisition.”
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For more information, please contact Paul de Beer or Oana Ciuca, De Burcht (Scientific Bureau for the Dutch Trade Union Movement) p.t.debeer@uva.nl or the Head of communications at the ETUI, Mehmet Koksal mkoksal@etui.org. For previous full issues of the Collective bargaining newsletter please visit https://www.etui.org/Newsletters/Collective-bargaining-newsletter or consult the archive with all articles in our database at www.cbnarchive.eu.
You may find further information on the ETUI at www.etui.org.