Social plan signed at Mitsubishi Bank

On Monday, March 15th 2021, OGBL as the majority union in the staff delegation, ALEBA and LCGB signed a social plan at Mitsubishi UFJ Investor Services & Banking (Luxembourg) S.A., which will affect 16 employees.

The Japanese bank, which currently employs 164 employees in Luxembourg, had announced its plan for collective redundancies following the relocation of services and fund operations to other group sites.

During the various negotiation meetings, the number of employees affected by the redundancy plan was reduced from 22 to 16, mainly by redeploying employees internally.

During these negotiations, which took place in a constructive climate, the three unions and the staff representatives obtained various social and financial support measures for the employees concerned.

Joint statement by OGBL, ALEBA and LCGB
March 15th, 2021.