Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Norwegian Air pilots win better pay and terms in times of labour strife

    Norwegian Air pilots win better pay and terms in times of labour strife

    Published by Wanda Rich

    Posted on June 10, 2022

    Featured image for article about Top Stories

    By Gwladys Fouche

    OSLO (Reuters) – Norwegian Air pilots won a 3.7% pay rise and improved working conditions after wage talks with the budget carrier’s management, the head of the union representing Norwegian Air pilots in Scandinavia told Reuters.

    The resolution at Norwegian Air stands out as rifts between management and unions elsewhere in Europe drive expectations of travel headaches during the busy summer holiday season.

    In a hint of what other airlines may have to grant employees to avoid, or resolve, labour conflicts, the pilot union at Norwegian Air won full employment status for several pilots who had been employed on a temporary basis.

    The pilots also won the right for more notice of when they could take a summer holiday. Now they will know the preceding December compared with March-April previously, the union leader said.

    “It is about quality of life. Everyone wants to enjoy their work and be able to go the extra mile that is needed,” Alf Hansen, head of the Norwegian Pilot Union, told Reuters.

    Norwegian Air said the wage deal would give the company flexibility, predictability and help it to run operations in a cost-effective way. It declined further comment on Friday.

    Pilots at rival airline SAS have warned of a potential strike in late June over disagreements on wages and ways to cut costs at the struggling Nordic airline, which SAS management says are essential to preventing a collapse.

    Hansen said Norwegian Air pilots had faced a similar conflict a decade ago.

    “This is a battle we had in 2013 in Norwegian when the then management tried to export Norwegian Air work places to other (cheaper) parts of Europe and thought it would be economical. It is not. With SAS, I thought this battle was over.

    “SAS pilots in Norway were furloughed for one-and-a-half years and then they are made unemployed and then SAS creates a competing company within the same company. It is disgraceful,” he said.

    “This is not something that we should have in Norwegian work life.”

    SAS was not immediately available to comment’s on Hansen’s remarks.

    (Reporting by Gwladys Fouche, editing by Terje Solsvik and Barbara Lewis)

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe