Romania - Bank workers left without collective bargaining protections - March 31, 2026

European trade unions are rallying to urge three major multinational banks to return to sector-wide bargaining in the country. In recent months, Raiffeisen Bank, Societe Generale (BRD) and ING have withdrawn from the Romanian Council of Bank Employers (CPBR), which means, come May, 60% of banking workers – 30,000 people – will be without any kind of collective agreement to protect their rights and conditions. The three multinational banks together represent around 20% of banking workers in the country and without them the employers’ federation – CPBR – does not surpass the 35% threshold for a sectoral agreement, which sets standards for every worker in the banking sector. This is development is particularly worrying because the sectoral agreement in the banking industry used to be one out of only three sectoral agreements in the private sector – the ones in the insurance and the construction industry being the other two sectoral agreements in the private sector.

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