ALEBA has just been informed that the collective work agreement for the employees of SIX Payment Services (previously CETREL), which was signed on 15 December 2015 has been approved by the [...]
Employees of CETREL are protected by a collective agreement (convention collective de travail – CCT). This collective agreement is entered into by the unions, led by your union, ALEBA, as the largest trade union in the financial sector, and CETREL, www.cetrel.lu), generally for a three-year period. The CETREL collective agreement guarantees good working conditions, often going beyond what is required by the Luxembourg Labour Code.
CETREL’s last collective agreement (2012, 2013 and 2014) was terminated at the end of 2014, and a new collective agreement is currently being negotiated.
You can obtain a paper copy of the current collective agreement (in German, French or English) on request.
CETREL was founded in 1985 by a group of financial institutions. At the time, the aim was to introduce an electronic payment system in Luxembourg. Incorporated as a limited company in 2009, and currently wholly owned by SIX Group AG (Switzerland), it specialises in credit card acquirer and issuer services. It offers its services to Luxembourg’s leading private and retail banks. Its registered office is in Munsbach, Luxembourg. Around 200 people work there.