New collective agreement ratified by the members
The members of Finansforbundet have overwhelmingly approved the new collective agreement. President, Dorrit Brandt, is pleased with the strong backing for the collective agreement.
What happens next?
Having been open since 10 March, the ballot closed on Monday at noon.
As a result of the yes from the members, the new three-year agreement enters into force on 1 April, whereas salaries are adjusted as of 1 July.
Among other things, salaries will increase over the period of the collective agreement by a total of 7.4 percent and 8.6 per cent, depending on whether the companies decide to use pooled funds or not. In addition, senior part-time work is made more flexible, and more funds are being added to Finanskompetencepuljen (the Finance Competence Fund).
“We entered into the negotiations with a mandate that we fulfilled by securing reasonable salary development, higher flexibility and better skills development opportunities. This outcome improves the very solid foundation of the present collective agreement, and all in all, it creates a good basis for the next three years," Dorrit Brandt explains.
Who is covered by the collective agreement?
The collective agreement applies to employees of organisations that are members of Finance Denmark/Employer and, thus, covered by the standard collective agreement (STOK).
A number of financial services enterprises are currently negotiating local enterprise-level agreements (VOK). The enterprise-level agreements will be based on the main result, but be adapted to local conditions.
