Credit Suisse and UBS have reached an agreement to ensure equal protections and treatment for male and female employees as they prepare for the merger of CS Italy into UBS ESE.
The agreement includes recognition of existing economic benefits, seamless transfer of employees, and maintenance of current remuneration and benefits.
The deal also offers comprehensive economic and contractual protections to employees, including work-life balance tools and other provisions.
Health and pension protections are extended to all employees, and part-time contracts will be automatically renewed.
The agreement also outlines criteria for managing changes in job responsibilities and involves employee representatives in the process.
The agreement is seen as a testament to the power of collective bargaining in safeguarding workers' rights and serves as a model for balancing business needs with worker protection.