Luxembourg: insurance social partners sign new collective agreement

Mobilization.  While the insurance sector is doing well in the Netherlands, employees and unions don’t understand why the Association of Insurance Firms (ACA) is calling for a 50 percent cut to their June bonus and refusing to increase wages in 2012 and 2013, accepting a mere 0.25 percent increase in 2014.  Negotiations were suspended in March and then resumed.  Unions couldn’t accept employers’ conditions because of the concessions the government made for them, particularly the amendments to the system indexing wages to inflation (see our dispatch No.  110797),  besides, unions say employees in the insurance sector are among the lowest-paid in the Netherlands.  The Association of Banking and Insurance Employees (Aleba) is notably arguing that the number of bonuses per employee in the sector went up 160 percent in ten years when, at the same time, wages only increased by 20 percent.  “These bonuses show that business has been going well in the sector.  Yet, wages have barely increased – for 10 years, we have always been negotiating in situations of global economic crisis or afterwards” explained Aleba VP Jim Schneider. 
Enjoy this article for free while you’re in your trial period
You have access to our content for 1 month.

yee in the sector went up 160 percent in ten years when, at the same time, wages only increased by 20 percent. “These bonuses show that business has been going well in the sector. Yet, wages have barely increased – for 10 years, we have always been negotiating in situations of global economic crisis or afterwards” explained Aleba VP Jim Schneider.

Agreement. The ACA and union representatives – Aleba, LCGB-SESF, the finance union affiliated with the LCGB Christian organization, and the OGBL,

Do you have information to share with us?
What you absolutely must read this week
The essential content of the week selected by the editorial team.
See all
Vincent Lecerf (Orange): “Equality and diversity are competitive advantages for us”
Following the signing of a new agreement on professional equality and diversity in December, the chief HR officer of French multinational telecommunications corporation Orange Group, Vincent...
13 January 2026
United Kingdom: government urged to legislate against forced labour
After consulting victims, businesses and NGOs, the Independent Anti-Slavery Commissioner (IASC) has published a report showing that the UK is lagging behind in the fight against forced labour. The...
13 January 2026
Poland: reform introduces possibility of working for another employer while on sick leave
On 7 January, the President of Poland promulgated an amendment to the country’s social insurance act. The reform aims to clarify the activities permitted during sick leave, so that...
France: social partner talks extend far beyond contractual terminations
After a false start on 3 December, French social partners resumed talks on 7 January 2026 on potential changes to the unemployment insurance agreement, including the rules governing compensation...
12 January 2026
Most viewed articles of the month on mind HR
What readers clicked on the most last month.
What readers clicked on the most last month.
1
France: sectors feel economic slowdown to differing degrees
The latest data on France’s occupational sectors (branches professionnelles), covering the year 2023, show how employment trends are shaping workplace dynamics. After a more favourable period for...
2
Germany: apprenticeship openings fall sharply in manufacturing and chemicals
From 1 January 2026, Dutch collective agreements for temporary employment agencies will alter the employment conditions of temp workers. Agencies will be required to pay these workers at least the...