Nordic Financial Unions

This article was printed from www.nordicfinancialunions.org/About

About

NFU is the voice of 160.000 employees in the Nordic financial sectors, through our eight member unions. Our mission is to make the voice of the employees heard – in the EU system and towards transnational companies.

Member Unions

NFU is made up of eight member unions; in Denmark,  DFL and Finansforbundet, in Finland Pro and VvL/FMF, in Iceland SSF, in Norway Finansforbundet and in Sweden Finansförbundet and FTF. Together they have 160.000 members.

Influencing EU

The majority of the regulation of the financial sector is decided by the EU. We keep track of the proposed legislation, and make sure that the decision-makers take the employee perspective into account. Read more here.

Transnational company unions

When companies grow across national borders, decisions move to transnational level. To counterbalance, unions must co-operate within the entire company. NFU support the transnational company unions to effectively balance management.

The Nordic Model

In the end of the day, our work is really about the Nordic labour market model. Trade Unions in the Nordic countries have a unique way of cooperating and negotiating with the employer, which creates stable labour markets and strong financial sectors. Our aim is to make sure that we can continue on our successful path.

Decisions in the NFU

The highest decision-making body in the NFU is the Union Council, which meets one a year. The Management Board is responsible for the political and strategic management. Both the Union Council and the Management Board consists of representatives from all eight member unions. NFU also employs a secretariat.

The founding of NFU

NFU was founded on January 1, 1999 when the Nordic Bank Unions merged with the Nordic Insurance Unions. They had both a long traditions of Nordic cooperation. The Nordic Bank Union was founded in 1923 and the Nordic Insurance Union in 1944.