France: Société Générale agreement on rest days and remuneration maintenance during the Covid-19 pandemic

An agreement signed on 2 April with the CFTC, CGT, and SNB (specific banking sector organisation) trade unions affirms the principle of maintaining remuneration for all staff during the health crisis period and in return imposes the taking of two weeks' leave. The company will not make use of any government scheme for partial activity during the first half of 2020.

Through . Published on 08 April 2020 à 13h42 - Update on 09 April 2020 à 8h20

Remuneration maintained. Between 16 and 28 March, Société Générale salaries were maintained, and in this agreement, the banking group undertakes to maintain regular remuneration for all its staff (employees who work full time, part time, or are compensated by a specific Covid-19 illness scheme) for the period post 29 March. Among other remuneration-related commitments in the agreement, Société Générale undertakes to pay the salary increases already scheduled for 01 April 2020, as part of the 2019 annual review.…

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