The negotiations were conducted between:- FSIF (Federation of Trade Unions in the Financial Industry), member of CNS Cartel ALFA, which includes unions with workers from the following banks: BRD, BCR, UNICREDIT, BANCA TRANSILVANIA, OTP BANK, CEC BANK, FIRST BANK, EXIM BANCA ROMĀNEASCĂ, LIBRA BANCA, as well as from the insurance sector, from the following companies: GROUPAMA, OMNIASIG, UNIQA, ASIROM;– FSAB (Federation of Insurance and Banking Unions), which includes unions with workers from RAIFFEISEN BANK and ALPHA BANK and – CPBR (Council of Banking Trusts from Romania).
For the first time, all employees in the banking system will be guaranteed a minimum salary, higher than the minimum in the economy, and a package of compensatory payments in case of dismissal for reasons not attributable to them, with the mention for applying the level of the entire sector will be done after approval by the Tripartite Council and approval by the Government.
The signing of this contract includes an important step for social dialogue in the banking sector and for its community of workers. This is all the more so since we are going through a period of mergers and many others in the banking market in Romania, all against the background of a global trend of digitization and automation of the banking field, which can affect a significant number of jobs. That’s why we insisted that the compensatory salary package reach up to 6 salaries, depending on the employee’s seniority in the bank.
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The effective implementation of the contract provisions in all banks in Romania will be a big step forward for the stabilization of guaranteed minimum standards for the sector’s employees. More than that, this Collective Agreement is of national importance. Upon its entry into force, at the level of the entire activity sector, it will become the first Collective Agreement applicable sectorally in a private economic environment.
