The collective banking agreement signed on 12 July covers the period 2018-2020 Mike Zenari

The collective banking agreement signed on 12 July covers the period 2018-2020 Mike Zenari

The document covers the period 2018-2020 and focuses in particular on employability of staff.

Signed by bosses’ group ABBL and unions Aleba, OGBL-SBA and the LCGB-SESF on Thursday, the document updates a number of terms and concepts in a constantly-evolving sector.

Adopted by a majority of over 85% by the members of the three employee unions, the new collective banking agreement provides for the strengthening of the link between classification and remuneration, a new organisation of working time and a re-evaluation of training budgets.

“This question remains the key to ensure the employability of our employees in the future, because positions will disappear and others will be created as a result of workplace digitalisation,” ABBL chairman Guy Hoffmann said. “The new professions will be totally different, which is why we need to accompany those who do not have this particular training in a specific direction and give them the means to follow this new pace.”

The agreement text provides for the establishment of a joint committee to resolve any conflicts between employees and management of banks for the new classification of roles.

“From now on, Aleba, as the main negotiator against ABBL, is preparing in the coming weeks to plan info sessions for its bank employees’ members during the course of September,” Aleba said in a statement published on its website on Thursday.