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After weeks of negotiations, the trade unions concluded a social plan for Nordea Bank's division that was presented in a joint statement. ALEBA, LCGB and OGBL, the trade unions for financial services, reached an agreement with the management. The bank will drop initial plans to use a capping system to compensate nearly 150 staff members, who stand to lose jobs when Nordea's private banking operations are transferred to Swiss bank UBS.
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For more information, please contact the editor Jan Cremers or Sanne van der Gaag, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the Head of communications at the ETUI, Willy De Backer wdebacker@etui.org © ETUI