Pro gives two industrial action warnings for the finance industry | Trade Union Pro
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Pro gives two industrial action warnings for the finance industry

21.12.2017 09:23
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If conciliation of the industrial dispute does not lead to a solution regarding a collective agreement, the first industrial action will start on 28 December 2017 at 6 am and end on 29 December 2017 at 11.59 pm. The second action will start on 4 January and end 5 January 2018.

Pro News

Trade Union Pro has given two strike warnings, since there has been no progress in the negotiations for a new collective agreement for the finance industry. 

Trade Union Pro has given two strike warnings to the National Conciliator and the employers’ associations. If conciliation of the industrial dispute does not lead to a solution regarding a collective agreement, the first industrial action will start on 28 December 2017 at 6 am and end on 29 December 2017 at 11.59 pm.  The second action will start on 4 January and end 5 January 2018.

The industrial action will apply to all work in the finance sector and all companies in compliance with the collective agreement. The strike includes all financial work for example in Nordea Bank, OP Ryhmä, Ålandsbanken and Danske Bank.

The validity of the collective agreement ended at the end of November. The negotiations started ahead of time in early October, but despite the numerous meetings, there has been no consensus on any of the key questions.

Working hours and salary in question

During the negotiations, the employers’ associations Finance Finland (FFI) and Service Sector Employers Palta have proposed, e.g., the following:

-The employer has absolute power of decision on working time arrangements. The employers want that all employees in the finance industry, regardless of their role, can be made to work from Monday to Sunday in accordance with the employer’s decision. In connection with this, the employers have also proposed that overtime compensation be reduced. In addition, the employers have proposed the introduction of shift work.
-Limitation of the right to industrial action.

Furthermore, the employers have proposed general raises, which are below the salary solutions of other sectors. The employers want to distribute 60% of the agreed salary raise pot through salary negotiations, whereas in other sectors the share decided by the employer is approximately 30%.

At the moment, Saturday work is only possible in the finance industry locally via agreements and voluntariness. The finance industry trade unions Pro, Nousu and Federation of Professional and Managerial Staff (YTN) proposed during the negotiations that Sunday work could be enabled on the basis of the same principle as Saturday work.

The right to industrial action is one of the basic rights of working life, and limiting it is complicated.

Of course the salary negotiation model needs to be developed, but it needs to be done so that it works as fairly as possible.
– When it comes to raises, finance industry employees have the right to a similar general raise as agreed by other industries this autumn. The purpose of the general raise is to ensure buying power, says Antti Hakala, director of finance sector in trade union Pro.

Overtime has been banned in the finance industry since 8 December 2017.