The employee-employer relationship at Swiss Life is characterised by close contact between employee representatives and the Corporate Executive Board.
Since 1996, Swiss Life has had a European Works Council (pursuant to EU Directives 94/45/EC and 2009/38/EC).
The ten-person “Europa Forum”, a committee comprising delegates from four countries, meets regularly with representatives of the Corporate Executive Board at ordinary and extraordinary meetings. It deals with transnational information and consultation on topics which affect all Swiss Life employees. The focal points for 2021 were the Covid-19 pandemic, the “Swiss Life 2021” Group-wide strategy, sustainability, diversity and inclusion, and the “Swiss Life Way of Working” initiative.
Freedom of association and the right to collective bargaining are guaranteed by local legisla-tion (EU Charter Art. 12, Swiss Federal Constitution Art. 23); they form the basis for internal guidelines. Collective bargaining agreements exist in France, Germany and Luxembourg (GRI 102-41).
Swiss Life in Switzerland |
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Agreements signed
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Number of works council members, dispensation for committee work and area of responsibility Nine members; the chairwoman enjoys up to 20% work dispensation for work on the staff committee, the vice chairwoman up to 15% and the members up to 10%. |
Swiss Life in France |
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Agreements signed
No further agreements were concluded in 2021. |
Number of works council members, dispensation for committee work and area of responsibility
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Collective bargaining agreements 98% of employees are covered by a collective bargaining agreement. |
Swiss Life Asset Managers in France |
Agreements signed The adaptation agreement (works agreement), which was unanimously signed after the merger, comprises:
Four new agreements were concluded in 2021:
These agreements fundamentally change the range of funds available and make it possible to take advantage of the opportunities offered by the "PACTE Act."
Swiss Life Asset Managers France is about to conclude three new agreements by the end of the year:
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Number of works council members, dispensation for committee work and area of responsibility Prior to the merger of 1 April 2019 between SWISS LIFE REIM (France) and Swiss Life Asset Management (France) there were three representative trade union organisations (CFDT, CFE-CGC and CFTC) with a total of 14 works council members, nine for SWISS LIFE REIM (France) and five for Swiss Life Asset Management (France). Following the merger on 1 April 2019, a trade union organisation (CFDT) was constituted with eleven works council members in accordance with the agreement on additional works council elections in July 2019. No employee representative carries out his or her duties on a full-time basis. New elections to the works council will be held electronically at the beginning of 2022. |
Collective bargaining agreements 100% of employees are covered by a collective bargaining agreement. |
Swiss Life in Germany |
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Agreements signed
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Number of works council members, dispensation for committee work and area of responsibility
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Collective bargaining agreements 47% of employees are covered by a collective bargaining agreement. |
Swiss Life Asset Managers in Germany and Swiss Life Investment Management Deutschland Holding GmbH |
Agreements signed
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Number of works council members, dispensation for committee work and area of responsibility The members of the works council representing CORPUS SIREO Real Estate GmbH, Swiss Life Asset Management GmbH and Swiss Life Invest GmbH established a Group Works Council (GWC) on 29 October 2019. It consists of four members of the works council (one part-time, three full-time); the chairman working part-time is dispensed for her work. In connection with the establishment of Swiss Life Investment Management Deutschland Holding GmbH, the objective of the KBR is to define cross-company topics. The Group Works Council has four members, who are appointed by the abovementioned collective works councils. One member of the works council by Corpus Sireo with 100% dispensation is also a member of the European Works Council. All other members work without dispensation. The Group works agreements are relevant for all employees of Swiss Life Asset Managers in Germany in accordance with the particular agreement’s scope of application. With effect from 25 August 2021, Swiss Life Investment Management Deutschland Holding GmbH was transferred to Corpus Sireo, which will now operate as Swiss Life Asset Managers Deutschland GmbH. Works Council elections will take place in SLAM DE on 13 January 2022. |
Swiss Life Asset Management GmbH and Swiss Life Invest GmbH |
Agreements signed
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Number of works council members, dispensation for committee work and area of responsibility All members work without dispensation. The works agreements apply to around 85% of all employees of these companies. |
Collective bargaining agreements/Works agreements 29% of employees are subject to a collective bargaining agreement. The works agreements apply to 85% of employees. The collective bargaining agreement was terminated on 31 December 2021. As a result, employees who join the organisation from 2022 will no longer be subject to the tariff regulations. |
Corpus Sireo |
Agreements signed
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Number of works council members, dispensation for committee work and area of responsibility The committee currently consists of five members (one part-time, four full-time). the part-time employee enjoys full work dispensation for committee work, while two of the other members have half dispensation. |
Works agreements The works agreements apply to 98% of employees. With effect from 25 August 2021, Swiss Life Investment Management Deutschland Holding GmbH was transferred to Corpus Sireo, which will now operate as Swiss Life Asset Managers Deutschland GmbH. Works Council elections will take place in SLAM DE on 13 January 2022. |
Swiss Life in Luxembourg |
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Agreements signed |
Number of works council members, dispensation for committee work and area of responsibility The Swiss Life Products team (Luxembourg) S.A. has reached the threshold of 15 employees and thus selected its own employee representation in 2019. Collective bargaining agreements |
Swiss Life Asset Managers in Luxembourg |
Agreements signed The staff committee of Swiss Life Asset Managers Luxembourg was newly elected in March 2019. Quarterly meetings are held with the Executive Board. No formal agreements were reached between the staff committee and the Executive Board in 2020. |
Number of works council members, dispensation for committee work and area of responsibility The staff committee of Swiss Life Asset Managers Luxembourg consists of two active delegates, two deputy delegates and one security delegate. All delegates work without dispensation. |