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Union and employers' organizations in the savings bank industry signed, on February 9, the sector's 2011-2014 collective agreement. It provides for a pay freeze in 2011 and 2012, which may be extended in 2013 and 2014. This agreement sets the framework for collective bargaining at a time when the sector is beginning to restructure itself, affecting the staff and the legal nature of the entities. The employers' organization commits to absorb the impact of the financial reform with early retirement and voluntary leaves, without letting anyone go. (Ref. 120105)
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120105
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