Credit: Jazmin Campbell
Luxembourg trade unions, the LCGB and the OGBL, have confirmed that Canadian bank RBC plans to make further layoffs in the Grand Duchy.
Staff representatives informed the unions of the RBC group's intention to further reduce costs, particularly through downsizing. This follows the bank's decision to cut up to 201 jobs at its office in Esch-Belval, announced last December.
Since the end of 2019, the LCGB and OGBL unions have been engaged in an open social dialogue process with the management of RBC, resulting in a social plan that runs until 31 January 2021. Recently, RBC asked the contracting unions for a three-month extension, leading to rumours of a further reduction in personnel. A new meeting between the parties will take place tomorrow, Friday 27 November 2020, to discuss and clarify these rumours.
Ahead of the meeting, however, RBC CEO Francis Jackson confirmed in an email sent out to staff that a new wave of layoffs was planned for the Luxembourg site.
The LCGB and OGBL unions have assured that they will follow the matter closely and will take all the necessary measures to ensure that all legal procedures are respected in order to safeguard jobs and guarantee the interests of staff in accordance with Luxembourg law.
