ALEBA: AGREEMENT IN PRINCIPLE TO RENEW BOTH BARGAING AGREEMENTS FOR BANKS AND INSURANCE COMPANIES FOR THE YEARS 2021-2023!

The current collective bargaining agreements for the banking and insurance sectors were negotiated in 2018 and are applicable for the years 2018, 2019 and 2020.

In a complicated situation linked to the health crisis, with no clear perspective on economic or social developments at the sectoral level, at the initiative of the ALEBA, the employers’ associations ABBL and ACA agreed in principle and subject to ratification by their members, to renew these collective bargaining agreements for the years 2021, 2022 and 2023.  The aim of these agreements is to secure and stabilize, from now on and for the next three years, all employees in the Financial Sector, while continuing to focus on employability, training and skills development, by guaranteeing the following main and essential conditions:

CBA Banks :

application for 2021, 2022 and 2023 of the 2020 scale for basic monthly pay per group

 – in 2021, payment of the presumption of skills acquisition for employees during the first 8 years of their career up to 1%/year up to the threshold per group

 – in 2022 and 2023, remuneration for the acquisition and implementation of skills (1% of the mass salary) to be distributed

 – maintenance of the training envelopes of 1%, 1.5% and 1.5% respectively for 2021, 2022 and 2023

 – allocation of the 26th day of leave to employees aged 50 and over

CBA Insurances :

application for 2021, 2022 and 2023 of the 2020 scale for basic monthly remuneration per group

 – maintenance of the three-year guarantee

 – maintenance of the annual economic bonus for 2021, 2022 and 2023 on the basis of the 2020 amounts

 – annual extraordinary bonus of €300

 – allocation of the 26th day of leave to employees aged 50 and over

All other provisions of the 2018-2020 CBA’s are maintained, in particular in terms of notice periods, system and principles of remuneration, 13th month, overtime pay, annual leave and rest days, extraordinary leave and access to training.

These agreements in principle with ABBL and ACA remain subject to the approval of the ALEBA’s decision-making bodies.

Press contacts :

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

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