What is it about?
How collective bargaining shapes the management of restructuring in the banking sector in France, Luxembourg and Romania.
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Why is it important?
In the corporatist or statist models of France and Luxembourg organized decentralization of collective bargaining helped sustain employment relations systems and cushion crisis effects. Bargaining outcomes included internal mobility and training. In Romania, by contrast, disorganized decentralization meant that solutions were left to the company level and to market forces.
Perspectives
The banking sector in Europe continues to face challenges that affect jobs and skills: the digitization of business processes, diversification and product innovation, competitive strategies between European financial centres, as well as the competition from non-banking financial actors. In this complex and often transnational environment, nationally embedded social partners in banking also face the challenge of adapting their strategies, areas of negotiation and expertise.
Dr Vassil Kirov
Institute for the Study of Societies and Knowledge, Bulgarian Academy of Sciences
Read the Original
This page is a summary of: The impact of crisis and restructuring on employment relations in banking: The cases of France, Luxembourg and Romania, European Journal of Industrial Relations, January 2018, SAGE Publications,
DOI: 10.1177/0959680117752047.
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