On 28 February a three-year agreement was secured between the Finansforbundet union and the employers’ body, Finanssektorens Arbejdsgiverforening that covers some 43,000 in the banking sector. The agreement intends for a total 5.85% pay rise with local negotiations having secured its largest ever share of this total. In return the employers’ body secured more flexibility over working hours. The agreement will come into force on 01 April 2017.
A more ‘Local’ pay rise. “Given the sector’s economic earnings and significant changes it is facing, employees have secured a sizeable yet still reasonable pay rise,” enthused Kent Peterson, president of Finansforbundet during a presentation of the results of the negotiations.
In fact the three-year pay increases total 5.85% and comprise 1.90% from 01 July 2017, 1.95% from 01 July 2018, and a final 2.0% from 01 July 2019. In a first, the overall sector’s pay rise only comes to 4.2% with the rema
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