Bank employees working in Luxembourg's financial sector are protected by a collective bargaining agreement (CBA). This agreement is concluded between the trade unions — including your trade union ALEBA, as the leading financial sector trade union — and the employers, i.e. the members of the Luxembourg Association of Banks and Bankers (ABBL), generally for three years. The CBA for bank employees guarantees good working conditions, often going beyond what is provided for in the Labour Code. The current CBA was negotiated and signed in 2021 and is valid for the years 2021, 2022 and 2023.
A Joint Commission, composed equally of representatives of the social partners (signatories of the CBA), is also responsible for dealing with problems related to the profession, as well as issues that may affect the proper application of CBA. The Commission also defines the objectives and procedures of the CBA to be concluded in the future.
A paper copy of the current CBA (German, French and English) can be provided to you.