In excellent news for the banking sector, the Collective Bargaining Agreement was signed on June 10th. It will cover the years 2021 to 2023. The negotiations succeeded in taking into account the interests of all parties, resulting in an agreement beneficial to both the enterprises in the banking sector and their employees, meaning protecting jobs and supporting the future of the financial centre.

What’s new in the agreement?

While the new agreement builds largely on the previous one, it includes updated financial conditions and, most importantly, changes related to work-life balance and social issues, including the right to disconnect and measures on telework.

“After long discussions, we are now happy to announce that we have found common ground and are able to present a new agreement to our members that balances the needs of all parties and establishes a good basis for the years to come.” Guy Hoffmann, President of the ABBL.

The full text is available HERE in French, HERE in English or German.

Presse release by ABBL

Publié le 11 juin 2021