Job retraining now incorporated into banking sector collective employment agreement
On 15 July 2015, ABBL, ALEBA, OGBL-SBA and LCGB signed an update to the training agreement. It is appended to the collective employment agreement for bank employees 2014-2016.
According to the signatories, the new training agreement acknowledges “the fundamental role of lifelong training which represents a joint responsibility for both the employer and employee”.
This agreement entitles employees whose job may change significantly, or indeed be “eliminated”, to receive job retraining.