Luxembourg trade union ALEBA announced today the extenstion of the social plan at Catella Bank S.A. for another two years.
In 2018, the management of Catella Bank S.A in Sweden decided to dismantle its entity in Luxembourg by selling parts of its activities. After months of fruitless negotiations for a resumption of the remaining activities, the bank will be closed.
On 14 December 2018, ALEBA negotiated and signed, jointly with the OGBL and LCGB unions, a social plan set to expire next Monday 14 December 2020.
In order to guarantee the company's thirteen remaining employees the same departure conditions as those of their colleagues who have already left, ALEBA recently recommended the extension of the validity of this social plan until 14 December 2022.
After an internal referendum, the staff representatives and employees of Catella Bank S.A. unanimously asked ALEBA, OGBL and LCGB to sign this extension of the social plan. Despite the refusal of OGBL and LCGB, who opposed this extension, ALEBA signed the social plan extension on Monday 7 December 2020.
