Social Affairs
As an employers’ association, one of the ABBL’s core responsibilities is to support its members on social and labour matters. This includes providing guidance, interpretation, and representation on employment-related legislation and workforce issues that affect the day-to-day operations of Luxembourg’s banks and financial institutions.
Representing the Banking Sector as an Employer
The ABBL acts as the official representative of the banking sector in social dialogue, ensuring that the voice of financial institutions is heard in discussions with:
- National labour authorities and regulatory bodies.
- Social partners and trade unions.
- Governmental and legislative bodies.
As the negotiating party to the banking collective agreement, the ABBL plays a key role in maintaining balanced, fair, and future-proof labour conditions that support both business competitiveness and employee wellbeing.
“Social dialogue is about balance—ensuring fair conditions for employees while supporting the competitiveness of Luxembourg’s financial sector.”
Elisabeth Franssen
Legal Adviser, ABBL
Monitoring Labour Law and Social Developments
The ABBL provides continuous monitoring of Luxembourg’s labour environment and expert interpretation of:
- Labour law reforms and draft legislation.
- Social security and workplace health and safety requirements.
- Employment contracts, working time regulation, and remuneration rules.
- Cross-border worker policies and telework guidelines.
- Diversity and inclusion requirements to be complied with by employers.
This ensures that member institutions remain compliant, informed, and agile in managing their HR responsibilities.
Practical Support for HR and Compliance Teams
To help members manage their HR operations effectively, the ABBL offers:
- Practical guidance on implementing labour law provisions.
- Legal opinions and model contract templates.
- Expert working groups on HR compliance and best practices.
- Ongoing training and info sessions for HR professionals.
This proactive support helps members anticipate changes, avoid legal pitfalls, and build positive employer–employee relations.
Promoting a Sustainable and Attractive Financial Workplace
The ABBL supports efforts to strengthen Luxembourg’s reputation as a high-quality employment destination in the financial sector by promoting:
- Work-life balance and employee wellbeing initiatives.
- Talent retention and upskilling strategies.
- Diversity, equity, and inclusion (DEI) in the workplace.
- Forward-thinking employment models (e.g. hybrid work, digital skills).
By helping members embrace social responsibility and workforce innovation, the ABBL contributes to a more sustainable, inclusive, and future-ready financial centre.
