The Association of Luxembourg banks and bankers (ABBL) considers necessary to reduce the wage bill in order to increase banks’ profits and recommends a deep reform of the methods of compensation in the event of a collective redundancy. The aim is to merge the amounts granted for prolonged notices and the termination payments in a global budget which would be paid according to the more or less fast resumption of a new job by the employee. In other words, the ABBL wishes to define in the Collective labour agreement the methods of the social plan in order to limit the expenses generated by bank restructurings. According to the trade unions, especially the trade union of the financial sector (SESF), if this proposal were to be applied, in the future there would no longer be any negotiation for social plans, but only allowances defined within the framework of the CCT would be paid by the banks which operate collective redundancies.
it the expenses generated by bank restructurings. According to the trade unions, especially the trade union of the financial sector (SESF), if this proposal were to be applied, in the future there would no longer be any negotiation for social plans, but only allowances defined within the framework of the CCT would be paid by the banks which operate collective redundancies.
Working time and flexibility. In addition, the ABBL wants to extend the weekly duration of work to six working days, thus
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