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Corona agreement is extended by two additional months

The Danish Employers’ Association for the Financial Sector and Finansforbundet (Financial Services Union Denmark) agree to let the agreement concerning special terms for work in the financial sector during the COVID-19 lockdown continue until the end of February

18. Dec 2020
2 min

The special agreement between FA and Finansforbundet, which concerns terms and conditions of employment during the COVID-19 crisis, has been extended to 28 February.

“We all hope that the end of the coronavirus situation and the lockdown will soon be in sight. Development on the vaccine front is also grounds for cautious optimism, but the government’s restrictions, e.g. for gatherings, also apply until and including February. Therefore, it makes sense that we extend the sector agreement by two months with some adjustments, so that the employees and companies can get through the winter and the very special situation we are in,” says Kent Petersen, chair of Finansforbundet.

The agreement, which was due to expire on 31 December, is now extended by two months, up to and including 28 February 2021. The corona agreement is a balance between the option to work from home, flexibilization of work hours and that employees are not subject to deductions in salary.

“We follow the guidelines of the government and the underlying restrictions, but in this agreement, we have also incorporated a recommendation for companies to take heed of their employees’ insurance cover,” explains Steven Vallik, Senior Negotiator at Finansforbundet.

In connection with the renewal of the agreement, FA recommends that their companies take heed of their employees’ total insurance cover for accidents since, to the extent that we are seeing during the COVID-19 pandemic, the home is turning into a place of work. In relation to this, FA will recommend a local dialogue with employees and delegates, and it will recommend that the member companies consider taking out full-time accident insurance for the employees working at home during the COVID-19 crisis.

In the agreement, the parties have also changed the travel protocol such that, generally, employees work from home during self-isolation and follow the new recommendations of the authorities, which shorten the self-isolation period.

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