A gross monthly increase of 85 euros over 4 years, an 8% wage increase for young workers employed, a guarantee that if a bank merges or is sold, the employees concerned will keep their permanent contracts and will not see their contracts become an “employment contract with rising levels of job protection” — put in place by the Jobs Act —, and also the creation of an IT platform to help workers who have been laid-off to find a new job in the same sector; these are the main areas in which the trade unions have been victorious, after reaching the new agreement at the last minute, at the dawn of April 1. More than 30,000 employees in the sector are affected.
The final text still needs to be written up and to be approved by the end of the month by the different assemblies concerned, but this is merely a formality. The current agreement has been extended up until 15 June, while confirmation is awaited.
The end of an unprecedented threat. There was sizeable relief, as the employer organisation ABI (Italian Banking Association) had given an unprecedented ultimatum a few months ago: if no arrangement was found for the renewal of this agreement, the banks would have simply ceased to apply it, from 1 April (see article n° 8862).
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