Trade union success as Italian bank sector renews collective agreement

09.01.20

Finance

Trade union success as Italian bank sector renews collective agreement

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.

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