Collective Bargaining Agreement Luxembourg 2018 Insurance

The ABBL collective agreement aims to regulate general working hours between the association`s member banks and their employees. These agreements in principle with the ABBL and the ACA remain subject to ratification by their members and the approval of ALEBA`s decision-making bodies. All other sections of the current collective agreements remain unchanged. On the initiative of ALEBA, the ABBL and the ACA agreed, in principle and subject to the ratification of their members, to sign new collective agreements for the years 2021-2023 for their respective sectors. Workers of insurance companies operating in the Luxembourg financial market are protected by a collective labour agreement (CTC). This collective agreement is concluded by the trade unions, including ALEBA, and the employers, i.e. the members of the Association of Insurance and Reinsurance Companies of the Grand Duchy of Luxembourg (Luxembourg Association of Insurance and Reinsurance Companies or ACA),, usually for a period of three years. This collective agreement guarantees good working conditions that often go beyond what the Luxembourg labour code requires. Current collective agreements for the banking and insurance sectors were negotiated in 2018 and are valid for 2018, 2019 and 2020. On 1 July 2017 to 30 June 2020 (`addendum`) agreed between the Luxembourg Hepital Federation and the unions OGB-L and LCGB, on the other hand, was declared as a general commitment by the Grand Ducal Regulation of 1 August 2018, published in L`A no 723 on 27 August 2018. The collective agreement for employees in the insurance sector was signed on 5 June 2012. In his letter of 18 June 2012, the Minister of Labour, Nicolas Schmit, took the […] The Luxembourg trade union ALEBA has announced the extension of collective agreements for banks and insurance companies for the years 2021-23.

In light of the new Banking CBA in Luxembourg 2018-2020, all banks will have to comply with the structure and work documentation by January 2020.

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