The banking social partners agreed on a 5.4 percent wage increase divided in 2 on the night of Wednesday, June 6. Signed for 26 months, this agreement affects about 230,000 employees. Showing the difficulties the sector is going through, it was reached after a particularly long and complicated bargaining cycle, as it started in February. The result is far from the 6 percent over 12 months requested by the union. However, it is much better than the previous agreement, which offered a 1.6 percent increase and a single EUR 300 bonus over 22 months. Besides, two joint statements were issued on health at work and the legal protection of financial advisers. The agreement on early retirement was prolonged for two years, during which the issue of work on Saturday needs to be detailed. (Ref. 120372)
5.4 percent increase divided in two. The Verdi services union and the bargaining committee of the private and public banking employers’ federations finally approved, on Wednesday, June 6, a collective agreement on wages which provides for a 5.4 wage increase divided in two over 26 months. This agreement, signed after three months’ bargaining (see our dispatch No. 120316), affects 230,000 people. The first increase, 2.9 percent, will come into force on July 1, 2012. The second, 2.5 percent,
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