On 28 January 2016, following months of bitter negotiations, employers and unions in the banking sector have officially signed a collective labor agreement marking the closure of a raft of agreements signed in the second half of 2015. In it the social partners have committed to addressing issues related to stress and psychosocial risks.
Key measures. Three key measures mark these negotiations. The first is included in a May 2015 agreement on allocations for employment towards the end of a career and concerns the lowering of the age limit to 55 for the right to receive ‘time-credit’ allocations. This affects workers who reduce their working time to part time work or to 1/5th under the proviso that the worker has completed 35 years paid employment.
The second measure is also contained in the May 2015 agreement, this time on supplementary unemployment payments and concerns raising access to supplementary company unemployment payments for redundancy (on all grounds excluding serious misconduct) from age 58 to 60.
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