A meeting between the OGBL Financial Sector and the Minister of Labour highlights the crucial importance of stability, substance and good collective agreements in meeting the challenges facing the Luxembourg financial sector. Discussions highlighted the need for more employees to be covered by collective agreements, particularly those classified as ‘senior managers’. Issues such as the reduction of working hours, continuing training and the improvement of social dialogue were identified as essential elements in guaranteeing the attractiveness and sustainability of the financial sector in Luxembourg. Current challenges, such as the loss of substance of collective agreements, the need for retraining, and concerns about mergers and restructuring, underline the urgency of action to preserve the attractiveness of the Luxembourg financial sector.
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