New collective agreement for Encevo employees will significantly improve labour conditions
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Luxembourg's two largest trade unions, OGBL and LCGB, have reached an agreement with the management of energy giant Encevo on a new collective bargaining agreement that will cover 1,200 employees of the group's companies: Encevo, Creos, Enovos, Leo and Teseos. The new agreement will run from 1 January 2025 until 31 December 2027 and includes significant improvements to working conditions.
Employees will receive an annual salary increase of €6 (index 100) for three consecutive years. In addition, meal cheques with a nominal value of €12.8 will be introduced, which will be a significant support for employees. One of the key achievements was the improvement of career development conditions for employees in the early stages of their careers, as well as the harmonisation of career opportunities between different categories of employees.
Special attention has been paid to bonuses: the bonus for readiness to call will increase by 10 per cent, and lump-sum rewards will be integrated into the monthly salary depending on seniority. This innovation creates a more stable motivation system.
There has also been a move towards greater flexibility. For the first time, the new contract allows leave to be split into hours, which will enable employees to better manage their working time. For young employees, the conditions for receiving their first career promotion have been clarified, which will make their professional start more transparent.
It is important to note that all existing social benefits for employees have been retained in full, and the text of the new contract will be finalised and signed by the parties in the near future.
The agreement reaffirms Luxembourg's commitment to a high level of social protection and demonstrates the importance of the partnership between trade unions and employers in the energy sector. The new agreement will not only improve labour conditions, but also strengthen stability in a key sector of the economy.
