The Luxembourg Association of Banking and Insurance Employees (french: Association Luxembourgeoise des Employés des Banques et Assurances, ALEBA) is a

trade union A trade union (labor union in American English), often simply referred to as a union, is an organization of workers intent on "maintaining or improving the conditions of their employment", ch. I such as attaining better wages and benefits ( ...

representing workers in the finance sector in

Luxembourg Luxembourg ( ; lb, Lëtzebuerg ; french: link=no, Luxembourg; german: link=no, Luxemburg), officially the Grand Duchy of Luxembourg, ; french: link=no, Grand-Duché de Luxembourg ; german: link=no, Großherzogtum Luxemburg is a small lan ...

. The union was founded in 1918, and in 1920, it became part of the

Federation of Private Employees The Federation of Private Employees (french: Fédération des employés privés, FEP) was a trade union representing private sector, white collar workers in Luxembourg. The union was founded in 1918, when the recently founded National Federation of ...

(FEP). After World War II, the banking sector in Luxembourg grew rapidly, and the union's membership grew. In 1978, the union split away from the FEP and became an independent union again. Much of the leadership of the union left to join the new

Independent Luxembourg Trade Union Confederation The Independent Luxembourg Trade Union Confederation (Luxembourgish: ''Onofhängege Gewerkschaftsbond Lëtzebuerg'', German: ''Unabhängiger Gewerkschaftsbund Luxemburg''), also OGBL or OGB-L, is a Luxembourgish general union. History The union w ...

. By 1990, 70% of workers in the finance sector in Luxembourg held membership of the union, which stood at about 10,000. In 2003, it formed a new federation with the Union of Private Sector Employees, the

Neutral Union of Luxembourg The Neutral Union of Luxembourg ( lb, Neutral Gewerkschaft Lëtzebuerg, NGL) was a general union in Luxembourg. The union was founded in 1946, as a trade association for iron and steel workers, committed to political neutrality. In 1960, it regist ...

, and the National Union of Private Sector Employees, although it did not prove successful. In 2005, and in 2019, the union was recognised as the leading one in the sector, and able to negotiate on behalf of all finance sector employees in the country. However, this status was withdrawn in 2021, after the country's two trade union federation objected that only a minority of employees in the industry wished to be represented by the union.

External links

*{{official website, https://www.aleba.lu/

References

Finance sector trade unions Trade unions established in 1918 Trade unions in Luxembourg