Wednesday, 01 April 2015
The BNP Paribas bank wants to radically review the salary policy for its 14,000 employees and middle managers. Negotiations on a new salary model started 5 months ago went nowhere, and were suspended by the management, L’Echo reported on Wednesday. What the management calls the “global employability pact” was on the agenda: it would mean no individual variation, a revision of salary changes, abandoning guaranteed salary increases, and the progressive cancellation of long service bonuses. This is all to liberate capital and “invest in people who really make a difference”.
The idea is make the payment for old and new employees more equal, seeing as new people were taken on under less favourable conditions than their predecessors.
The Unions have said no. “Among the points we don’t accept are the cancellation of long service bonuses, the transformation of part of our salary into group-insurance premiums, and the smaller insurance complement in case of long illness”, says a Union source. They say the management didn’t even try to negotiate.