Collective bargaining agreement
As an employers’ association, one of the ABBL’s key roles is to assist our members in all social and labour matters, monitoring legal and regulatory developments related to employment and supporting our members in the interpretation and implementation of labour law.
The collective bargaining agreement for the Luxembourg banking sector, covering the period 2024-2026, negotiated in collaboration with the ALEBA, LCGB, and OGBL trade unions, marks a significant milestone in ensuring the sector remains competitive and attractive while addressing future challenges.
Training at the Heart of the Banking Sector
Continuous training is essential to strengthen the employability of banking professionals. It helps employees adapt to new technologies, meet regulatory changes, and respond to evolving customer expectations — ensuring they remain competitive and future-ready.
Under the new collective agreement, banks are making a stronger commitment to skills development. The training budget has been increased by 10% for 2024–2026, and each employee covered by the agreement now benefits from a minimum of 16 hours of individual training per year (excluding mandatory and reorientation sessions).
These measures highlight the shared responsibility of employers and employees to invest in career growth and lifelong learning.
“We see the collective bargaining agreement as a foundation that provides stability, security and predictability, allowing all stakeholders to work with greater peace of mind.”
Elisabeth Franssen
Legal Adviser, ABBL
Rewarding Loyalty and Employee Engagement
Employees are the foundation of every bank’s success. The new collective agreement introduces measures to recognise loyalty, experience, and performance across the sector.
- The loyalty bonus has been increased.
- Thresholds and pay scales have been revised upwards.
- The overall budget for rewarding deserving employees has been expanded.
In addition, a special one-off bonus hqs been paid in January 2025 to mark the signing of this new agreement — a tangible recognition of employees’ commitment and contribution.
Encouraging Work–Life Balance
A healthy balance between work and personal life is key to long-term motivation and well-being. The new agreement includes a dedicated chapter on flexible work arrangements, encouraging each company to adapt working conditions to the specific needs of its employees and activities.
These initiatives aim to promote a modern, inclusive, and people-centered work culture across the banking industry.
