The future of collective bargaining and industrial relations is the theme of this «Gino Giugni Lesson». This future is very uncertain, as a consequence the destiny of labour law and industrial relations as fields of study is uncertain. Collective bargaining difficulties are pointed out by several indicators: the decline of the bargaining coverage, the strong decentralization, the disappearance of traditional European bargaining levels (as the interconfederal one), the weakening of collective actors, the spread of nonstandard work. Economists are trying to explain the reasons of this decline, but they do not consider the costs of the externalities caused by the same decline. The European scenario is characterized by relevant changes: decline of multi employer bargaining, UE and national governments support to bargaining decentralization and opening clauses. Taking into account general features it is possible to speak about a new convergence of the different European model experiences. Pluralist industrial relations are withering away. Is the European social model really losing its soul? The end of the lesson is dedicated to the Giugni’s theoretical contribution and to his extraordinary experience as a main protagonist of the Italian industrial relations in the second half of XXth century.
Keywords: Collective bargaining; Decline of multi employer bargaining; European model; Bargaining decentralization; Global markets; New convergence