New CLA for ABN AMRO employees from 1 July 2024

Suzanne Schenk, Global Head of Reward and lead negotiator for the bank, expressed her satisfaction with the accord. “I’m very pleased that a large majority of the members have approved the outcome. This is a good, comprehensive package of employment conditions that focuses on appreciation, prospects for the future, and long-term employability.”

Collective labour agreement, social plan and pension

The new collective labour agreement will be retroactively effective from 1 July 2024 and be valid for two years. The new social plan will take effect on 1 January 2025 and be valid for 18 months. The new pension premium will take effect on 1 January 2025, with the solidarity contribution scheme coming into force on 1 January 2027.

The main new elements of the CLA are:

• A structural salary increase of 6.0% from 1 July 2024 and 3.75% from 1 July 2025; a fixed annual increase of 2.5%, and an additional individual annual reward premium of 2.5% or 5.0%.

• All employees will have a pay-per-use mobility scheme, allowing them to choose their mode of transport (train, bike, car) on a daily basis with a higher allowance for bike travel (30 cents/km) than for car travel (23 cents/km). They will also receive free public transport throughout the Netherlands, both for work and for private use.

• A day off on the Friday after Ascension Day.

• A pension premium of 30% of the pension base until 2030.