The Luxembourg Association of Banking and Insurance Employees (ALEBA) has come out in favour of the agreement reached yesterday between the LGCB-SESF union and the Luxembourg Bankers Association (ABBL). 

According to their statement, 96.5% of the ALEBA delegates from the banking sector voted in favour of the proposal for a one-year CTC for 2017 with the payment of the June bonus and a signing bonus of € 400 for all employees covered by the agreement. 

ALEBA says they directly informed the ABBL of its agreement.

“ALEBA is pleased that such a consensus has been reached, because in addition to the payment of these two bonuses, the current CTC provisions remain in force and, above all, more time for all parties to continue working on a three-year collective agreement to modernise and simplify”, said the ALEBA.

The signing of the transitional CTC is scheduled for next week.