Almost three months later than planned the social partners in the insurance sector reached agreement on the renewal of a collective agreement covering 225,000 employees. It had expired on August 31, 2007. But until last Saturday, AGV had refused to put a figure on its offer whereas the Verdi union was claiming a 6.5% increase. Warning strike actions had even started. Similar to what happened in the group Allianz, which had already cut 4,000 jobs out of the 5,700 full-time employees concerned by its restructuring plan, employment is under heavy pressure in a sector which had already lost 12,000 jobs between 2002 and 2006 with reorganisation being far from completed.
offer whereas the Verdi union was claiming a 6.5% increase. Warning strike actions had even started. Similar to what happened in the group Allianz, which had already cut 4,000 jobs out of the 5,700 full-time employees concerned by its restructuring plan, employment is under heavy pressure in a sector which had already lost 12,000 jobs between 2002 and 2006 with reorganisation being far from completed.
A variable wage increase. According to insurance employers, the wage rise proposed in the n
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