(Finance) – Four hundred and thirty-five euros of increase average monthly salary, payment of arrears for the period July-November this year with an average of 1,250 eurosfull restoration of the basis for calculating severance pay starting fromJuly 1st 2023: signed this afternoon byto Fabi and by the other trade union organizations with the ABI and with the group Intesa Sanpaolo the renewal of the national collective labor agreement of 270,000 Italian bank loans which will expire on 31 March 2026.
Fabi in a note summarizes the points of the agreement: as mentioned, 435 euros average monthly salary increasestarting from next December, payment of the arrears for the period July-November of this year with a average of 1,250 euros, full restoration of the basis for calculating severance pay starting from 1 July 2023. The contractual increase will be paid in four installments starting from the “pay slip” of December which will also contain the “one-off” payment for arrears. The increases are divided as follows: 250 euros, equal to 57.5% of the total of 435 euros, in December; 100 euros (23%) in September 2024; 50 euros (11.5%) in June 2025 and 35 euros (8%) in March 2026. In the space of just nine months – says Fabi – all bank workers are therefore entitled to more than 80% of the salary increase defined with the agreement for the renewal of the contract. Furthermore, the agreed increase also produces positive effects on the thirteenth salary monthly payment. It is reduced weekly working hoursstarting July 1, 2024, from 37 and a half hours to 37 hourswith a decrease of 30 minutes total.
Furthermore, salt from 8 to 13 the number of hours for paid training. The possibilities for banks to use the Employment Fund (FOC) have been expanded, with the aim of further encouraging the generational relay in the sector and increasing employment in the South. The national control room, created in 2019, it extends its scope to digital banking. More guarantees and more protection for bankers in relation to the undue commercial pressure exerted by bank top management to “push” the sale of financial and insurance products. The is recognized full economic treatment for “at risk” pregnant workers.
“The one just signed is one of the most important contractual renewals in the history of our country’s banking sector. It was probably the most difficult and most uncertain negotiation as regards the final outcome: it required a path that was anything but downhill, made up of clashes, sometimes bitter, at the end of which, however, we reached a political agreement relevant for the stability of the sector and for the future of our category. We have restored luster and importance to a category that someone wanted to flatten at all costs. The trade union organizations have once again demonstrated a great sense of responsibility and the ability to take charge of the problems of the entire sector, always solving them in everyone’s interest. As in the past, the collective agreement represents and will still represent a fundamental point of balance between groups and banks. The contract is the irreplaceable and necessary clearing house in a market that has probably become too competitive, with unbridled dualisms that do not always produce good results. The workers, however, have obtained extraordinary economic recognition, but fully legitimized by the double need to recover inflation and recognize productivity, they have obtained a more solid regulatory and contractual framework, with more protections and capable of keeping up with organizational changes” comments the general secretary of Fabi, Lando Maria Sileoni who reserved a special thank you to the CEO of Intesa Sanpaolo, Carlo Messina: “The agreement was shared with the CEOs of all the banks, but without Messina’s fundamental position, made clear at our national congress in June, it would have been much more complicated to reach this agreement”.