Business · Economy · 1 day ago
Italian bank contract talks resume amid tax concerns
Banks and unions in Italy resume contract talks on Monday at the headquarters of the Italian Banking Association, known as ABI.
The negotiations concern about 260,000 bank workers and cover pay, working conditions and how work is organised.
The proposed deal includes an average pay rise of €518 once fully in effect.
A new tax burden of just under €6 billion on the financial sector has raised concern about the negotiations, alongside uncertainty in the economy and internationally.
The unions say the tax changes should not stall the talks, while a union leader has urged the government to assess their effects on banks and workers.
ABI has said it will examine the unions’ proposal, and another meeting is scheduled for 19 November.
Talks between Italian banks and unions on renewing the banking-sector contract are due to resume on Monday at the ABI headquarters.
The negotiations cover pay, working conditions and organisation, and involve about 260,000 workers.
The proposed contract includes an average pay increase of €518 once fully phased in.
A new tax burden of just under €6 billion on the financial sector has raised concerns about the negotiations.
Unions have urged that the tax changes and uncertain economic outlook should not block the talks.
- Who
- Banks and unions representing about 260,000 banking-sector workers.
- What
- They are resuming negotiations on a new sector contract, including pay and working conditions.
- When
- Monday; another meeting is scheduled for 19 November.
- Where
- At the ABI headquarters.
- Why
- To renew the banking-sector contract. The negotiations are taking place amid concerns about a new tax burden and economic uncertainty.
This story does not have two clearly opposing sides.
Banks and unions are due to resume contract negotiations at the ABI headquarters.
A further meeting is scheduled after Monday’s talks.
- Workers involved
- About 260,000
- Proposed average pay increase
- €518 once fully phased in
- New tax burden
- Just under €6 billion on the financial sector
- Next meeting
- 19 November
What people are saying
stop and assess the consequences of a further increase in taxes on banks
in depth
we have always had a positive approach towards our people. Our approach is always to take care of our people