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It took more than 13 years, but, as Federico Gianni, president of the ABS, said, in the end a sense of responsibility and common sense prevailed. Now, even the bankers have their own uniform law, but only the contract for the economic part has been renewed, while for the internal rules we have already started thinking about the next negotiating table (the contract actually expires in 2025). Moreover, as all the protagonists of the events admit – which have become really complex and tense in recent months, and given the eight-day strike announced by the unions – now is the time to focus only on this part, the one most awaited by the workers, which is now the last of the institutions that have not had their contracts renewed for many years (for the record, it arrived after the public employees, and in the case of the CBSM, the only one that during the recession crisis has activated the salary reduction clause, but has not yet renewed the labor contract).
Therefore, the signing in recent days at the headquarters of ANIS (which, as is known, acts as union adviser to ABS) is of absolute importance, both because it puts an end to long and difficult negotiations and because it also effectively ends 2017. The whole “contract renewal season” starts, as always, with the industrial sector (which has just been renewed, so it is also a good sign for all other sectors).
The signing of the omnibus law technically ended the planning process, in which employees in June had approved the renewal of the effective agreement until December 31, 2025, and provided for the following increases: 3% in 2023, 3% in 2024, and a tax rate of 1.5% in 2025, while a one-time 2% tax was imposed based on 2022 income.
As mentioned, from a regulatory point of view, nothing has changed, except for a common interpretation, however elementary, of the mechanism for calculating production bonuses for 2024 and 2025. “The path we face is complex and unfortunately it has lasted for a long time”, explains Federico Gianni, President of the San Marino Banking Association: “After more than ten years, we are satisfied with the results achieved, which are in the interest of the system as a whole and of the banking and financial system. I would like to express my gratitude to all the players, from employers to trade unions, because at the end of negotiations, a sense of responsibility prevailed, which were also, in some respects, very severe”.
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