The information was disclosed by the Luxembourg Confederation of Christian Trade Unions (LCGB), the Independent Luxembourg Trade Union Confederation (OGBL), and the Luxembourg Association of Bank and Insurance Employees (Aleba). Two hundred and forty-three additional employees are to be laid off.
The unions consider the decision to start negotiations for a third social plan, while the latest has not even been concluded yet, to be hasty and disrespectful to the workforce. The second social plan, which was signed in 2019 and covered around 200 employees, is effectively still ongoing.
The unions believe that the job cuts have nothing to do with the coronavirus pandemic, and that it is instead only a matter of profits and cost reduction.
RBC Investor & Treasury Services, which currently employs 1,100 people in Luxembourg, was taken over in 2012 by Royal Bank of Canada. The first social plan, covering 210 jobs, was signed a year later, in 2013.
RTL-NEWS: Hiobsnouvelle fir d'Leit bei der Bank RBC op Belval
LCGB/OGBL/ALEBA: Sozialplang fir kanadesch Bank RBC ënnerschriwwen
