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two unions denounce the “extreme avarice” of the management and call for a strike

FO and CFDT called for a strike by employees of the Crédit Agricole SA subsidiary on January 17

The FO and CFDT unions of LCL, a subsidiary of Crédit Agricole SA, on Friday called on employees to strike on Tuesday January 17 to demand wage increases and improved working conditions. Denouncing in a press release an “extreme greed”, FO and the CFDT, respectively 2nd and 3rd union of the bank, are offended by the refusal of the management to grant a general increase for 2023 after the 2.9% on average obtained in July, a level well below inflation, say the unions. To this increase paid “from July 1” and “as an advance for 2023”, are added individual increases of around 3.5%, reacted LCL to AFP.

“In addition, profit-sharing and participation for the year 2022 and paid in 2023 should reach a historic record level for the bank, as a reminder the participation paid in 2022 represented on average more than two months’ salary”, added added the bank.

“Resignations are increasing”

The intersyndicale had also criticized the offer of a value-sharing bonus, of a maximum of 1,200 euros for salaries below 30,000 euros, also affirming that “resignations are increasing” and that the bank “has very difficult to recruit”. “It is not with such wage measures that it will work out”, conclude the two unions.

The SNB, the first union at LCL which is not a member of the intersyndicale, however invited in a press release the employees “to express (their) dissatisfaction by participating in the social movement of next January 17”, judging that “the measures remain insufficient in view of LCL’s results” and the “degraded” working conditions. Over the first nine months of 2022, LCL recorded a net profit of 676 million euros, up 17.7% year on year.

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