Trade union success as Italian bank sector renews collective agreement

Thursday 9 January 2020

On 19 December 2019, the Italian bank social partners (UNI affiliates FABI, FIRST-CISL, FISAC-CGIL, UILCA and UNISIN, together with the Italian Banking Employers Association ABI) renewed their collective agreement for the sector, valid to the end of 2022.

The new agreement represents a big victory for the 282,000 bank workers across the country, many of whom suffered a decrease in rights, protections and working conditions over the past decade from a financial crisis they did not create.

Key trade union victories include:

  • a pay increase of 190 EUR;
  • the creation of a bipartite special committee to monitor and analyse the impact of digitalisation and new technologies on bank sector jobs and establish joint solutions;
  • greater protections for bank workers unlawfully dismissed;
  • equal opportunity guarantees and more rights for part-time workers and for those on maternity, paternity and adoption leave;
  • new measures to protect bank workers selling financial products and the right for trade unions to receive the bank’s sales policy;
  • guidelines for smart working, including on health and safety, privacy and access to training;
  • and a stronger commitment to healthy workplaces and to respecting work/life balance, including the right to disconnect.