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Negotiations with ABN Amro put back
Economics

Negotiations with ABN Amro put back

04.09.2013 From our online archive
Negotiations for a social plan have yet to begin with Dutch bank ABN Amro after Tuesday's meeting was postponed.

Negotiations for a social plan have yet to begin with Dutch bank ABN Amro after Tuesday's meeting was postponed.

The bank, which has offices in Kirchberg, plans to made a fifth of its Luxembourg staff redundant, according to banking union ALEBA.

A meeting was scheduled to thrash out a social plan on Tuesday but it was shelved to allow the union time to gather certain documents regarding working hours.

ALEBA chairman Marc Glesener said that no new rendez-vous had been fixed. He said that the union hoped to lower the number of redundancies required and avoid creating a new social plan.