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Danish bank employees union and Greenland's employers' association agree on new collective agreement for Gronlandsbanken A/S - report.

NORDIC BUSINESS REPORT-5 April 2004-Danish bank employees union and Greenland's employers' association agree on new collective agreement for Gronlandsbanken A/S - report(C)1994-2004 M2 COMMUNICATIONS LTD http://www.m2.com

The Danish bank employees' union Finansforbundet and the Greenlandic employers' association Gronlands Arbejdsgiverforening have reportedly agreed on a new three-year collective agreement for the employees of the Greenland-based Danish bank Gronlandsbanken A/S.

The agreement guarantees the bank's 100 employees a 7.5% pay increase and ends long negotiations which in March were close to involving Greenland's first-ever bank strike, reported the Danish news agency Ritzau.

The agreement is conditional on the approval of Gronlandsbanken's employees.

((Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com))

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Publication:Nordic Business Report
Article Type:Brief Article
Geographic Code:4EUDE
Date:Apr 5, 2004
Words:119
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