Signing of the new collective bargaining agreement for the Luxembourg banking sector

The ABBL is pleased to announce the official signing of the new collective bargaining agreement for the Luxembourg banking sector, covering the period 2024-2026. This agreement, negotiated in collaboration with ALEBA, LCGB, and OGBL trade unions, marks a significant milestone in ensuring the sector remains competitive and attractive while addressing future challenges.

The agreement introduces key enhancements, including strengthened provisions to reward employee loyalty and commitment across the banking industry. Available in French, English, and German, the collective bargaining agreement is a crucial document that governs the working conditions within the sector. In the event of any discrepancies between the translations, the French version will take precedence.

• Collective Bargaining Agreement for banks 2024-2026 English version
• Collective Bargaining Agreement for banks 2024-2026 German version
• Collective Bargaining Agreement for banks 2024-2026 French version

A key milestone for the future of the banking sector

The primary objective of the new agreement is to ensure that the Luxembourg banking sector continues to play a pivotal role in the country’s economy while offering improved working conditions for employees. These enhanced provisions focus on recognising the loyalty of banking staff, providing opportunities for ongoing training and development, and ensuring the sector is well-positioned to adapt to the rapidly evolving market landscape.

The negotiation teams, representing both employers and employees, worked together to strike a balance between the needs of the workforce and the sector’s competitiveness. This collaboration ensures that the agreement provides a robust foundation for the future, benefitting both employees and employers alike.

ABBL information session for members

On 7 October 2024, the ABBL held an informative session for its members at the Chamber of Commerce to present the key provisions of the new collective bargaining agreement. The session saw a strong turnout, with participants engaging in fruitful discussions and posing insightful questions to the panel of experts. The event offered a platform for attendees to better understand the practical implications of the new agreement.

During the session, several important topics were addressed, including salary adjustments, mandatory training hours, and the enhancement of employee benefits. The expert speakers provided valuable clarifications on how the agreement will impact both employers and employees in the banking sector.

Ongoing support from the ABBL

This information session is part of the ABBL’s ongoing commitment to supporting its members in implementing the new provisions and fostering constructive dialogue within the sector.

We would like to thank all participants for their engagement and contributions to the discussion.

Any questions?
For additional information or any queries, please contact Elisabeth Franssen, Legal Adviser at the ABBL.