In the complex and ever-changing landscape of global finance, Luxembourg stands out as a major player due to its dynamic and prosperous financial center. However, behind the impressive figures and laudatory rankings lies an often overlooked yet essential element: human capital.
First step in bank CCT negotiations successfully completed
Principle Agreement Signed and Approved by OGBL! In the context of negotiations for the renewal of the collective agreement in the banking sector for 2024-2027, an agreement has been signed.
With great pride, OGBL announces the successful conclusion of negotiations that have resulted in a new Collective Bargaining Agreement (CBA) in the insurance sector…
In the middle of the first car, two bank employees well-known to our readers: Marie Bigoudie from Banque DuFond and her colleague Jacques Lamèche…
The crucial importance of collective bargaining, sustainable finance, and the consequences associated with digitization and AI. Interview with Francis Capitani, member of the Luxembourg delegation of OGBL.
“We don’t just need beautiful facades and kind words; we need more recognition and salary improvements because the Luxembourg financial sector is us, the employees.”
Luxembourg’s changing financial sector
The financial sector requires stability, substance, and strong collective agreements to address both current and future challenges. This was the common conclusion reached by the Financial Sector Union of OGBL and the Minister of Labour, Georges Engel, following a recent meeting at the request of OGBL.
Our representative at the chamber of employees, Denise Steinhäuser has the floor. Technological and digital progress both enables and requires it, if we don’t want to make ourselves ill through this permanent hyper-connectivity and take care of our mental health.
The independent trade union OGBL offers neutral employee representatives, who are often left to their own devices, a first point of reference. OGBL is financially and politically independent and religiously neutral. It is financed solely by its members’ contributions and can therefore afford to defend exclusively the professional, social and economic rights and interests of its member women and men, but also of employees in general, whether they are active or retired.
In Luxembourg, defending the interests of employees is at the centre of attention in the run-up to the social elections in March next year. In this context, the trade union Aleba has caused some controversy in recent years.
We spoke to Sylvie REUTER, the central secretary of OGBL Finance Sector.
«Banking in 2030» or AI in the financial sector How will current global trends and in particular AI shape the future of the European banking sector and its employees?
OGBL Finance Sector participated on 17th February 2023 in Paris in a workshop organised by Uni Finance. It focused on the key trends that are transforming the banking sector such as AI and new technologies.
We live in a time when it is increasingly difficult for a young adult to get through life. In the world of work, there is an increasing demand for higher education. In the financial sector in particular, it is not unusual for young adults to have one or more university degrees. Unfortunately, education is still very expensive today. Many have no choice but to take out a large loan in order to afford an education. An education which, in turn, is necessary to find a job.
Qu’est-ce qui ne va pas dans la maison «secteur financier»? Qu’en est-il derrière les belles façades des institutions financières? Le «Happiness Officer» ne suffit-il pas? Les offres actuelles en matière de formation continue et de «leadership» ne sont-elles pas efficaces? Avons-nous besoin de réformes structurelles pour que le secteur financier, et en particulier le secteur bancaire, redevienne l’un des «secteurs où il fait bon travailler» au Luxembourg?
Dans le secteur bancaire, nous comptons désormais des milliers d’employés qui sont classés comme « cadres supérieurs » alors que, juridiquement, ils ne répondent pas aux critères de ce statut. Comme si ce constat ne suffisait pas pour sonner l’alarme, la sortie du contrat collectif entraîne très souvent la perte irrémédiable d’avantages précieux pour ces employés. Il est temps d’agir.
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