The collective agreement for bank employees was first created more than 40 years ago.

It was first put in place during the so-called “golden years” of the 1970s to protect financial sector employees’ and to guarantee income.

People are often only aware of its financial aspects such as the economic bonus (“prime de conjuncture”), but it is important to be aware of its many provisions on employment conditions and salary protection.

The collective agreement has changed considerably over the years: remuneration based on educational achievement; salary policy based on family status (household bonus (“prime de ménage” now called the seniority bonus); protection against dismissal through the doubling of the notice period in the case of economic redundancy; extra holidays; and the right to life-long training options.

There was substantial change with the 1993 agreement. This agreement was harmful to employees, and was signed between the ABBL President of the time and a very small financial sector trade union, without reference to other social partners. This agreement introduced the principal of performance evaluation based solely on the manager’s discretion, and this is still the case to this day.

Another change was due to the persistent poor performance of the financial markets. Requirements linked to employee well-being gained in prominence and importance. This includes special leave, more time out of the office, increased trade union leave, and so on.

Before the 2014-2016 collective agreement negotiations began, the ABBL criticised every article of the existing text and called for a total rethink. For ALEBA and the other unions this was not acceptable, and they only began negotiations when the ABBL agreed to consider the 2011-2013 deal as the starting point.

Once again this year, ALEBA will be the leading union in the up-coming negotiations and we will stick to the task of defending the interests of every financial sector employee. To present a complete range of demands that reflects the expectations of the banking sector, ALEBA calls on all its members and other employees to give their opinion about the collective agreement.

ALEBA will use these opinions to complete our list of requirements.