Lando Maria Sileoni, the secretary general of the Fabi union, has called on the government to pause and assess the potential consequences of increasing taxation on banks. Speaking regarding the fiscal measures outlined in the upcoming budget plan, Sileoni argued that while raising revenue from the credit sector may appear politically convenient, it poses a serious threat to the renewal of the national collective agreement for 260,000 banking workers, which expired in March 2026.
The union leader emphasized that these fiscal measures could also indirectly impact negotiations for the 28,000 employees working in cooperative credit banks. Although this sector maintains its own autonomy, Sileoni noted that it inevitably feels the effects of the general climate within the broader banking industry.
In light of these risks, Sileoni has formally requested that the government reconsider its current approach. The Fabi secretary is urging the executive branch to initiate a serious dialogue and open a constructive confrontation with credit institutions to address these concerns before they undermine labor agreements.
Sources: ANSA Economia.