Social plan signed at D.A.S. Luxembourg S.A.

On Tuesday, 6 February 2018, ALEBA, OGBL and LCGB agreed on a social plan at D.A.S. Luxembourg S.A.

At the beginning of January, D.A.S. Luxembourg’s parent company, ERGO Group, announced its decision to sell the client portfolio of its Luxembourg subsidiary to ALLIANZ Benelux S.A. ALLIANZ wanted to retain only the 9-strong Claims department, thus leaving 15 employees out of a job, a number of whom had service records of more than 20 years.

As a result of the determined and constructive efforts by the unions and open social dialogue with the chairman of ERGO’s board of directors:

  • One more employee has been transferred to ALLIANZ, bringing the total to 10;
  • Favourable and dignified redundancy conditions have been negotiated and accepted, in addition to the minimum legal requirements, such as: immediate exemption from working the notice period, an additional payment for employees tasked with handling the liquidation of D.A.S. Luxembourg, non-contractual compensation, compensation associated with employees’ family situation and finally the allocation of a significant training/outplacement budget;
  • Senior executives (who in principle are not covered by social plans) have also been made eligible for the social plan, and therefore qualify for the same conditions as employees covered by collective agreements.

Safouane Jaouid, Head of Legal at ALEBA, stated: “In what continue to be challenging circumstances, we at ALEBA are proud to have been able to put in place a social plan of such quality, thereby protecting employees who are losing their jobs. Indeed, I hope that this plan will serve as an example in the insurance sector, and that other companies considering redundancies in future will also fulfill their social responsibility.”

ALEBA nevertheless regrets that, once again in the Luxembourg market, workers are bearing the cost of global strategies in a quest for profit that fails to address the tragic human implications for those facing dismissal.

 

Press contacts:

Laurent Mertz, Secretary General (laurent.mertz@kbl-bank.com / +352 621 232 295)

Sandra Carvalho, Head of Communications & Strategy (sandra.carvalho@aleba.lu / +352 671 223 228)

Contact for the D.A.S. case: 

Safouane Jaouid, Head of Legal (legal@aleba.lu / +352 223 228 1)