New CBA for Banks: agreement in principle

ABBL Published 11.05.2018

An agreement in principle on a new collective bargaining agreement for bank employees 2018-2020 was found Wednesday, 9 May, after a day of negotiations, between the employers’ association ABBL on the one hand and the common trade union front ALEBA – OGBL Financial Sector – LCGB-SESF on the other hand.

This agreement includes the introduction of a new classification and remuneration system, including the payment of a June bonus increased by 10% in 2018, improvements regarding “working time” and the “existing training agreement”.

It remains subject to the approval of the respective statutory bodies of each party.

It goes without saying that if such approval were to occur, the social partners will proceed to drafting the final text of the new collective bargaining agreement as soon as possible.

 

Joint press release of the trade unions ALEBA, OGBL Finance et LCGB-SESF, and the ABBL

Luxembourg, 11 May 2018

Contact

Association des Banques et Banquiers, Luxembourg

Address

12, Rue Erasme L-1468 Luxembourg

Phone Fax
Opening hours

Monday to Friday from 8:00 to 17:30.