Employers in the banking sector and the trade union GPA agreed on a 3% minimum wage increase in the third round of collective bargaining negotiations. The agreed increase for the approximately 68,000 employees in the financial sector took effect on 1 April 2025. It was also agreed that the minimum contribution to occupational pension plans would be increased by 0.15 percentage points. The Banking Association described the agreement as "a just-acceptable compromise from an employer perspective," just above the 2024 inflation rate of 2.9%.
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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.