Italy: banking sector collective agreement renewed

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.

Through . Published on 20 December 2019 à 14h41 - Update on 20 December 2019 à 14h46

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,…

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