Sileoni: "From banks we need a concrete proposal on workers' salaries"
Fabi's General Secretary, Lando Maria Sileoni, is making an assessment of the negotiations with Abi for the renewal of the employment contract, which will resume on 9 November. He says that the negotiations are "proceeding too slowly".
The Italian banking union Fabi is seeking a pay rise for bank workers, with secretary general Lando Maria Sileoni stating that the union expects a concrete response on salaries. The union is demanding a €518 monthly pay increase over three years to account for inflation and productivity. Fabi argues that bank workers generate significant revenue, with each worker producing value over 5.5 times their labor cost, and that the requested pay rise is sustainable given the banks' 72% profit growth between 2022 and 2025.
The contract has been expired for seven months, and the union is pushing for a renewal with a retroactive effect from April 1, 2026.
Written by urgent.news from Il Sole 24 Ore's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
