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Vote on the company collective agreement: More in salary and room for the whole life

President Kasper Skovgaard Pedersen writes about why you should vote on the company collective agreement in Nordea - and vote yes. Vote until 23 June at 12 noon

10. Jun 2025
5 min
English / Dansk

Both some for general salary increases for everyone AND some for individual increases according to the Nordea Salary model.

The mandate from you members as well as union and senior union representatives was clear when we entered the negotiations with Nordea to land a new company collective agreement for the next three years. We have made a great effort to fulfil the mandate, and we have succeeded

At the same time, we were also given a clear mandate that the money for Nordea Salary should be found through balanced financing, where about half came from the standard collective agreement for the entire sector and the rest from the extra contribution that was agreed in those negotiations that banks with a company agreement should give extra.

One of Denmark's best

The salary increases are lower than in the last collective agreement, as inflation has also fallen significantly. And if we look at the improvements historically, it is clear that we in the financial sector have one of Denmark's best collective agreements - both when it comes to pay and conditions. But as an employee in the financial sector, we also know that great demands are placed on us employees, we deliver strong results to our employer and shareholders. And as we know, good labour costs. 

It's not all about pay. I am therefore pleased that with the new collective agreement, we are improving a number of conditions. Together with Nordea, Finansforbundet in Nordea has committed to working on initiatives over the next three years that help Nordea employees in different phases of life – young people in their first job, menopause for women and andropause for men and a special “senior task force” for seniors which can connect this group to Nordea in a more flexible way.

Tough negotiations

The negotiations with Nordea have been tough, but have taken place in a respectful atmosphere. The morning sun had come out when 'white smoke' came from the negotiation room at 04.15 am. Both parties were willing to reach a negotiation result – even if no one got everything that each of us wanted. From our side of the table, it was both about achieving improvements and avoiding deterioration – both of which required intense discussions.

It's no secret that we've fought hard to improve the conditions for contract employees, who make up 19 percent of Nordea's employees in Denmark. During the negotiations, Nordea refused to discuss the terms and conditions for this group of employees, citing that they are not covered by the company collective agreement, nor are they included in the standard collective agreement. We are annoyed about that. However, it is worth remembering that many terms that have been negotiated in the collective bargaining also applies to contract employees at Nordea. And we will continue to fight for the interests of contract employees.

Now it's up to you!

We hope that you can see yourself in the collective agreement. As a member, it is now up to you whether it should have wings. 

We recommend that you vote yes, but the most important thing is that you vote!

You can vote until June 23 at 12 noon – and before the Sankt Hans bonfires are lit that evening, we will know whether white or black smoke will come out.

Kasper Skovgaard Pedersen
President of Finansforbundet in Nordea

Read about the content in the agreement

Read much more about the content of the new company collective agreement (in Danish: Virksomhedsoverenskomst - VOK) at finansforbundet.dk/fin-vok2025-en

Remember to vote 

The voting on the new company collective agreement runs from 10 June at 9 a.m. to 23 June at 12 noon.

All active members can participate in the voting.

At their meeting on 2 June, the senior union representatives and the board of FiN discussed the result – including the terms of the standard collective agreement and Nordea under which the agreement was concluded. Based on the discussion, the senior union representatives recommend a 'yes' to the company collective agreement.

Via e-mail
When the vote opens, all members who have provided us with an email address will receive an email from Finansforbundet i Nordea (no-reply@mail.assembly-voting.com) with a link to the vote. The email will be sent to the email address you have specified as your preferred address in Finansforbundet’s member system.

If you use the link provided, you simply have to enter your date of birth to go directly to the poll. It is the easiest way to vote as it is a unique link associated with you as a member. Finansforbundet i Nordea is the sender, and the subject field is "Nu kan du stemme om din overenskomst" or ”Membership ballot on the new company collective agreement for Nordea – vote now!”

Via link
You also have the option to vote via a general link where you must verify yourself via MitID/NemID: https://logins.assembly-voting.com/ff_vok_nor

If you experience problems, do not hesitate to contact us on stem@finansforbundet.dk or alternatively on tel. 36 96 46 00.

The results of the vote will be announced on 23 June in the afternoon.

It is important that you vote so Finansforbundet in Nordea as your union can clearly show the position of our members when we negotiate your working conditions with Nordea. A high voting percentage gives us strength and influence in future negotiations with Nordea.

Therefore, we hope that you will spend 2 minutes of your time to cast your vote.

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