On 29 September, social partners from the Belgian banking sector reached a deal on a new collective agreement. For the first time, the agreement includes a supplementary pay rise guarantee and initiates efforts to address the effects of digitalisation.
The first new feature of the collective agreement regards purchasing power. Under the deal, workers in the sector will enjoy a ‘supplementary’ pay rise, through two bonuses of 150 euros net (225 euros gross). The first will be paid in December of this year, with the second to be paid in July 2018. Negotiations over salary increases take place at company level. However, as Jean-Michel Cappoen, secretary general of the SETCA union, representing workers in the finance sector, told Planet Labor, pl
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