Collective Labour Agreements, What's New In Luxembourg?

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The ABBL and the trade unions (ALEBA, LCGB-SESF and OGBL) have agreed on the terms of the collective bargaining agreement applicable to the Luxembourg banking sector for the period 2024-2026.

Luxembourg Employment and HR

Florence Apostolou

Banking sector

The ABBL and the trade unions (ALEBA, LCGB-SESF and OGBL) have agreed on the terms of the collective bargaining agreement applicable to the Luxembourg banking sector for the period 2024-2026. A Grand-Ducal Regulation is expected soon to declare such agreement of a general obligation for the entire market, hence generally binding.

Insurance sector

On 4 June 2024, the ACA and the trade unions (ALEBA, LCGB-SESF and OGBL) have agreed on the terms of the collective bargaining agreement for the Luxembourg insurance sector applicable from 1 January 2024 to 31 December 2026. Such agreement has been declared of a general obligation for the entire market by Grand-Ducal Regulation of 24 July 2024 and is therefore generally binding.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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