Unbelievable! Mitsubishi UFJ Investor Services & Banking (Luxembourg) S.A. refuses to conform to Luxembourgish law!

Mitsubishi UFJ Investor Services & Banking (Luxembourg) S.A. was ordered on 23rd March 2017 by the Luxembourg Court of Appeal to reinstate its employee and ALEBA employee representative to his original post. The management had decided to unilaterally modify an important aspect of the employment contract, without the legal right to do so.

ALEBA had warned the management that their intentions were illegal, and had suggested solving the problem through the social dialogue,” said Safouane Jaouid, Head of Legal at ALEBA. “However, we were regrettably forced to go to court given the bank’s clear and repeated refusal to cooperate,” he added.

To-date, ALEBA sees no sign of the bank being willing to carry out the court’s enforceable order. This is a major problem for the employee/victim who only wants the bank to follow Luxembourgish law and be reinstated to his original position.

Roberto Scolati, President of l’ALEBA said: “This attitude is absolutely unacceptable! ALEBA has no choice but to condemn in the firmest possible terms this unbelievable behaviour by this banking-sector employer. This is a complete violation of the principles, laws, and rules in force in the Grand Duchy of Luxembourg and its financial sector. While other employers seem to be tempted to act in this way, they should know that ALEBA will defend, without compromise, its rights, and those of its members and personnel representatives, if ever they are victims of similar practices.

In the case of Mitsubishi UFJ Investor Services & Banking (Luxembourg) S.A., ALEBA will once again ask Minister of Labour Nicolas SCHMIT and the Inspectorate of Labour and Mines (ITM) to intervene. We hope that the bank will then see sense. ALEBA will also inform the ABBL of the unacceptable attitude of one of its members. A protest in front of the bank’s offices on 287-289, route d’Arlon in Luxembourg City is being planned.

Press contacts:

Safouane JAOUID, Head of Legal, safouane.jaouid@aleba.lu, T : 223 228 -1

Roberto SCOLATI, President, roberto.scolati@aleba.lu, T : 223 228 -1

Press release of 19 June 2017