Banking contract, renewal negotiations at a standstill for months between Opas and maneuver
Comparison between Abi and trade unions in an uncertain context, bankers' response to the increase is lacking
The Italian banking sector's collective bargaining agreement has expired, with negotiations between Abi and unions Fabi, First, Fisac, Uilca, and Unisin stalled. The unions are seeking a €518 monthly pay rise, which would bring salaries in line with inflation and productivity, but Abi has yet to endorse the proposal. The negotiations are complicated by factors including the government's proposed tax on banks' extra profits, which could cost the sector €22 billion by 2029, and ongoing merger and acquisition activities, such as Intesa Sanpaolo's takeover of Mps. The next meeting is scheduled for November 19.
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.
