The Norwegian Savings Banks Association-Responsible Employers. A vast majority of the institutions in the Norwegian finance industry are members of the Employers’ Association of the Norwegian financial sector and are bound by the Central Collective Agreement concluded between the employers’ organization and the Norwegian Finance Union which is present in the same financial entities. Industrial relations within this framework are being conducted according to the best traditions inherent in the Nordic Model. This model prescribes mutual respect, responsible employment terms and wage formation taking into account socially acceptable norms.
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