SOCIAL PLAN SIGNED AT KBC ASSET MANAGEMENT

Negotiations between the staff delegation, supported by ALEBA, and the management of KBC Asset Management finally resulted in the signing of a social plan on Tuesday, December 3rd.

The cessation of activity of the Luxembourg subsidiary is planned for September 2020 and finally 19 employees will be impacted.

Another KBC Group entity plans to propose job offers to a few employees, mainly in Brussels.

The social plan will allow employees to receive extralegal benefits that take into account their seniority, age and family situation.

An outplacement / training budget was also released.

ALEBA and the staff representatives will accompany the employees during this painful period.