Delegates for the Luxembourg trade union, LCGB-SESF, gave their approval by a large majority to the ABBL's proposal to conclude a transitional one-year TCC. This proposal was made following the union's request to the ABBL to reconsider its position concerning the non-payment of the economic premium.

The transitional collective employment agreement for bank employees provides:

- the continuation of the previous CCT during the year 2017

- the payment of the economic premium in June 2017 (premium of 2016 with seniority) as well as

- payment of a gross premium of €400 to employees in service on 1 June 2017, and whose contract is not terminated on that date (and in proportion to the occupancy rate).

The LCGB-ESFS delegates felt that this formula would ensure two important things:

- on the one hand, the payment of the economic premium and the payment of an additional financial element for all the employees covered by the sector and

- on the other hand, the maintenance of all the provisions of the current CTC during the negotiations which will continue during the coming months.

Beyond this one-year transitional agreement, the LCGB-SESF will continue to defend the interests and achievements of sector employees with firmness in the negotiations for the future collective agreement.