After historic mobilisation, bank workers in Italy secure landmark agreement 

05.12.24

Finance

Bank workers at Italy’s Borsa Italiana Group – a leading European stock-market – have won an agreement to guarantee job security, improve pay and ensure a better work-life balance. 

After historic mobilisation, bank workers in Italy secure landmark agreement 

More than 800 workers had gone on a historic first strike in June 2024 called by their unions FABI, FIRST CISL and FISAC CGIL, followed by months of actions and mobilisations. They were particularly concerned about job security as the Group refused to provide guarantees and undertake shared paths to protect jobs and enhance existing skills.  

Moreover, the employer hadn’t granted the salary increases provided by the renewed national collective labour agreement in the banking sector, while overtime and weekend work had become systematic and now structural within the Borsa Italiana Group. 

Now, after months of mobilisation, the unions reached an agreement with Borsa Italiana Group, which committed to guaranteeing full employment for the next three years, a modern working time scheme to ensure effective work-life balance, an agreement on overtime pay, as well as a recognition of the importance of protecting the purchasing power of workers. 

“For the first time in the history of the Group, the workers went on strike to defend their jobs and wages. After a hard-fought campaign, they won job guarantees, new working time regulations and better compensation. We congratulate them for their historic achievement and hope to see similar agreements negotiated across the Euronext group throughout all of Europe,” said Anna Maria Romano, UNI Finance President. 

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