|Financial sector in Argentina|
|Supporting NCP(s)||None Selected|
|Description||Specific instance notified by the trade union Asociación Bancaria Argentina, regarding the activities of an Argentine subsidiary of the multinational enterprise Banca Nazionale del Lavoro (BNL) S.A in Argentinia.|
|Theme(s)||Employment and industrial relations, General policies|
|Date||1 Dec 2004|
|Industry sector||Financial and insurance activities|
In December 2004, the Argentinian NCP received a request for review from the trade union Argentine Banking Association (Asociación Bancaria Argentina) alleging that the Argentine subsidiary of the Banca Nazionale del Lavoro (BNL) S.A. had breached the general policies and employment and industrial relations provisions of the Guidelines.
This specific instance has not been followed up as, subsequent to the request for review, 100% of BNL stock was acquired by another multinational bank (HSBC). Since 2004 neither the trade union or the bank has shown any interest in continuing with the specific instance. The NCP concluded its involvement in May 2007.