Agreement in Principle on ABN AMRO CAO

Press release -

After intensive negotiations ABN AMRO and the trade unions FNV Bondgenoten, De Unie, CNV Dienstenbond and BBV reached an agreement in principle in the night from Monday to Tuesday on a new CAO (Collective Labour Agreement) for all employees of the bank.

This CAO provides for the harmonisation of the compensation & benefits of ABN AMRO and the former Fortis Bank Netherlands. In addition, employees will receive a pay rise of 1% from 1 January 2011 and a further 2% from 1 July 2012.

Alexandra Philippi, Director of Human Resources: “We are delighted with the result. Both at ABN AMRO and at the trade unions there was a will to resolve the matter quickly. That is important for our employees and a key step in the integration process." The new CAO is valid from 1 March 2010 to 1 January 2013. The harmonised compensation & benefits will take effect on 1 January 2011.


For more information, contact:

ABN AMRO Bank Press Office
+ 31 (0)20 6288900



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