After ten months of negotiations and a three-day strike earlier in the week of the 30,000 employees involved, a collective agreement has been agreed upon in the banking sector between the Federation of Finnish Financial Services and two unions, SUORA and the Federation of Professional and Managerial Staff (YTN). Under the contract, a general pay hike of Euro 18.50 a month, or at least 0.6! 5%, will take effect from 1 January 2010. An increase of 0.95% will be paid by early June 2010. Separate talks are to be held on new pay increases for the autumn of 2010 and the summer of 2011.
English: http://yle.fi/uutiset/news/2009/12/banks_reach_labour_contract_1296841.html; http://www.yle.fi/uutiset/news/2009/12/30000_finance_sector_workers .
via http://www.labourstart.org/cgi-bin/show_news.pl?country=Finland
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For more information, please contact the editor Maarten van Klaveren, Amsterdam Institute for Advanced Labour Studies (AIAS)