Italy: banking social partners sign agreement supervising collective bargaining

The Dircredito-FD, Fabi, Fiba-Cisl, Fisac-CGIL, Sinfub, UGL Credito and Uilca union organizations and the ABI employers' organization signed, on October 24th, a framework agreement on collective bargaining in the banking industry. Unions say this agreement is a "major first step" for the renewal of the sector's national collective agreement, which expired ten months ago. This agreement consecrates the "supremacy" of the national collective agreement over local collective agreements; it regulates the procedures, timeframes and modalities for their renewal and even defines the provisional index as the reference for wage negotiations. (Ref. 110657)
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The role of the National Collective Agreement (CCN). Signed for three years – both for the normative and economic parts – the CCN gives the same conditions to all the sector’s workers. It is also the “primary source” of subjects to be negotiated at local level. Furthermore, it determines the minimum amount of the result-based bonus for businesses which are not covered by another agreement. For this, negotiations will have to start at least six months before the deadline and there is a seven

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