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The bank employees’ contracts have been officially renewed. After the signing of the Minutes of Agreement between ABS-ANIS and the CSdL-CDLS-USL Service Confederations, managers, staff and auxiliary employees of the four San Marino banks also voted by secret ballot on the collective labor renewal document of the San Marino Banking Agreement, approving it. This was confirmed by the Electoral Commission, composed of the three trade union organization’s Service Confederation secretaries and the three RSA members of Agricultural Bank, Banco de San Marino and Banco Repubblica San Marino, which carried out the counting of the votes collected in the various banks.
343 middle managers, clerks, assistants and 290 employees were eligible to vote, with a turnout of 84.5%. 97.5% of bank employees agreed to renew the employment contract of the sector, with only 3.1% of voters against it. The managers of the three unions explained that “the declaration of the democratic and secret ballot of the workers of the Bank of San Marino ended the negotiation process, highlighting the tense moment between the two parties and leading the bank’s employees to fold their arms” and declare an eight-day strike in order to defend their rights and demands.
Updates and additions
The contract renewal is linked to the expiration of the previous contract, which expired in 2010, and is valid until December 31, 2025, and provides for a one-time payment of 2% based on annual gross revenues in 2022, increasing by 3% in 2023, 3% in 2024 and 1.5% in 2025. From a regulatory point of view, no changes have occurred in the text of the contract, except for a common interpretation of the mechanism for calculating production bonuses for 2024 and 2025. They have also been reassessed with regard to the economic items of the company’s annexes: the latter have been reaffirmed for the entire contract period.
CDLS: “Not completely satisfied”
“We are pleased with the successful finalization of the contract renewal,” commented Gianluigi Giardinieri, CDLS Under-Secretary General for the Banking Sector. “Bank employees are the last group of people with stable wages, which have remained stagnant since 2010, compared to the increase in the cost of living. The only regret is that if the counterparties had made more funds available, perhaps they could have achieved this result without forcing the workers to fold their arms for eight and a half days. What happened during this troubled contract renewal process must serve as a lesson for the future.”
USL: “Anti-money laundering compensation needed”
Marco Santolini, Secretary of the USL Services Trade Federation, commented: “One of the commitments envisaged in the record of agreement is the request to jointly address AML (anti-money laundering responsibilities) issues with the AIF. During the renewal negotiations, an in-depth analysis of the duties and responsibilities currently carried out by bank employees was carried out, but unfortunately it was not possible to obtain the definition of a specific economic compensation that could at least partially compensate the risks and onerous commitments associated with the management of an individual position.”
CSDL: “Occasionally punish someone”
Matteo Missiroli, an official of the Unified Federation of Construction and Services FUCS (CSdL), pointed out that an aspect worth highlighting is the lump-sum payment of arrears. Using as a reference the annual gross earnings as of December 31, 2022, will create a clear gap between employees, especially those who take advantage of maternity leave or part-time leave during 2022, as provided for by law. For these limited cases with a strong social value, the banks were asked to take special account of the calculation of the lump-sum payment for the first year showing full remuneration before 2022, but without success. We are confident that the banks, which are most concerned with the birth rate aspect when calculating arrears, will correct this anomaly. “
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