The new collective labor agreement for the Luxembourg banking sector was signed on 1st August 2024.
This new agreement will run for 3 years, from Januaryst 1 er 2024 to December 31
This new agreement includes the following stipulations:
- 500 bonus for all employees, payable with January 2025 wages;
- Increase in loyalty bonus ;
- Financial envelope to be distributed for 2024, 2025 and 2026 to reward employee
commitment;
- Increased starting amounts and thresholds for the four groups A, B, C and D ;
- Increasing the presumption of skill acquisition ;
- Annual training budget increased by 10%
- Attribution d’une allocation individuelle de formation d’au moins 16 heures par an, à utiliser au plus tard le 31 décembre de chaque année.
