Based on an analysis of the mechanisms of social dialogue in five European financial centres (London, Luxembourg, Vienna, Paris, and Bucharest), EUROSOFIN aims to produce a better understanding of social dialogue in the banking sector in terms of anticipating changes, adapting training and efficiency requirements in a competitive international sector, exchanging good practices among partners, and reinforcing social standards both within the financial sector and its institutions. EUROSOFIN considers that crisis-driven employment reduction has been particularly significant in countries with strongly developed, dynamic and international financial centres with a large share of GDP like the London area, Luxembourg, Paris, Vienna, and Bucharest.

The main objective of the project is to serve the interest of social partners and policy makers in the sense that a partnership between research centres in Luxembourg, the United Kingdom, Austria, France, and Romania, as well as with social partners within the financial sector both at the national and European level, shares good practices of mitigating crisis effects in the participating EU countries.

The more specific objectives of EUROSOFIN are the following:

          - Increase the knowledge about the concrete forms and mechanisms of social dialogue in the banking sector for a better anticipation and management in cases of restructuring;

          - Initiate debates in the framework of the sector challenges and the strategic priorities outlined in the EUROPE 2020 strategy and its objective to produce smart growth and reinforce the involvement of social partners in the appropriation of the strategy;

          - Establish a network of experts, practitioners, social partners, working in this sector through a web-based platform for exchange, information-gathering/sharing and this beyond the expiry of EUROSOFIN;

          - Design dissemination strategies to reinforce social partner action in the participating countries;

          - Strengthen exchanges and synergies between social partners in the participating countries of the banking sector.

The project proposal is innovative for the following reasons: first, it is a multidisciplinary gathering a pool of researchers (industrial relations, political science, sociology and law) and representative actors from social dialogue with a rich experience of practice in their respective country; second, the project is both comparative and transnational as it aims to both conduct research and case studies in the participating countries, as well as it analyses the various similarities and discrepancies; third, it covers a less-known country but absent in most international studies, Luxembourg, with a key international financial centre embedded in a strong collective bargaining framework with new insights and comparisons to be gained.

© LISER 2015 EC