Talks on col­lec­tive agree­ment with Lu­mi­nor launched in Es­to­nia

Baltic News Network - - News -

Col­lec­tive agree­ment talks with new Lu­mi­nor Bank, which has been es­tab­lished as a re­sult of merged o Baltic op­er­a­tions of Nordea and DNB, have been launched, where the bank’s work­ers are rep­re­sented by the Union of Es­to­nian Fi­nan­cial Sec­tor Em­ploy­ees (EFTL). Es­to­nian pub­lic broad­caster ERR re­ports cit­ing the union that the own­ers of Lu­mi­nor, Nordea and DNB, have for decades had mu­tu­ally ben­e­fi­cial col­lec­tive agree­ments with their em­ploy­ees in the Nordic coun­tries and that Es­to­nian em­ploy­ees seek sim­i­lar em­ployer-worker co­op­er­a­tion.

«The EFTL con­sid­ers the launch of ne­go­ti­a­tions a pos­i­tive sig­nal and hopes that sign­ing a col­lec­tive agree­ment would solve the con­cerns many em­ploy­ees have re­gard­ing the cre­ation of the joint bank and the un­avoid­able in­crease in ef­fi­ciency,» the union said in a press re­lease.

Op­er­at­ing since 2013, the union has pur­sued its goal to pro­tect and rep­re­sent the rights and in­ter­ests of fi­nance sec­tor work­ers in col­lec­tive and in­di­vid­ual em­ploy­ment re­la­tion­ships.

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