On 19 December, after a year of negotiations, social partners in Italy’s banking sector agreed a provisional deal to renew the national collective agreement (CCN), which applies to more than 280,000 workers and expired in December 2018. The strong points of the deal include a €190 pay rise, which is close to the trade union demand of a €200 increase, the right to disconnect, improved protection of employees from commercial pressures, the creation of a joint committee on new technology and several measures to foster a healthy work-life balance. The new collective agreement, which will apply retroactively from 1 January 2019 to 31 December 2022 (therefore applicable for four years rather than three), has been submitted for approval by workers.
Wage increases. The text signed by the Associazione Bancaria Italiana (Italian banking association) and the FABI, First-Cisl, Fisac-Cgil, Uilca and Falcri-Silcea- Sinfub trade unions provides for a pay rise of €190 – well above the planned inflation rate – granted in three stages: €80 in January 2020, €70 in January 2021 and €40 in December 2022. Meanwhile the so-called entry salary, a salary that is 10% lower for new recruits, has been abolished with a view to increasing the “attractiveness” of the banking sector in the eyes of new generations with more well-honed digital capabilities, according to the ABI.
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