Finance sector unions lamented Wednesday the "unacceptable attitude" and "illegal proposals" from Bank Hapoalim in the layoff plan negotiations.

Luxembourg's finance sector trade unions have been negotiating a layoff plan for the Luxembourg branch of the Israeli Bank Hapoalim since last November.

In September, according to the unions, the bank's board of directors decided to cease all private banking activities in Luxembourg and Switzerland. The bank then announced it was preparing to lay off 30 of its 45 staff.

On Wednesday morning, the ALEBA, OGBL and LCGB trade unions issued a joint statement lamenting the bank's approach to the negotiations.

After the government's national conciliation office (ONC) suggested issuing a non-conciliation order, the unions took the position that would no longer be possible to draw up a layoff plan for the 30 employees affected.

The unions say they will now inform the Ministry of Labour, the Luxembourg Bankers' Association (ABBL) and the labour inspection office (ITM) about what they see as Bank Hapoalim's "irresponsible behaviour".