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Finance Federation (Denmark)
The Finance Federation ( da, Finansforbundet) is a trade union A trade union (labor union in American English), often simply referred to as a union, is an organization of workers intent on "maintaining or improving the conditions of their employment", ch. I such as attaining better wages and benefits ( ... representing workers in the financial sector in Denmark. The union was founded at the start of 1992, when the National Association of Danish Bank Employees merged with the Association of Danish Savings Bank Employees. The new union had a membership of about 50,000 workers and, like its predecessors, it was affiliated to the Danish Trade Union Confederation (FTF), becoming its largest affiliate. By 2018, the union had 39,011 members. Workers in large institutions are organised by the employer, while those at smaller companies are organised on a geographical basis. The FTF became part of the Danish Trade Union Confederation in 2019, but the Finance Federation voted agai ...
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Trade Union
A trade union (labor union in American English), often simply referred to as a union, is an organization of workers intent on "maintaining or improving the conditions of their employment", ch. I such as attaining better wages and benefits (such as holiday, health care, and retirement), improving working conditions, improving safety standards, establishing complaint procedures, developing rules governing status of employees (rules governing promotions, just-cause conditions for termination) and protecting the integrity of their trade through the increased bargaining power wielded by solidarity among workers. Trade unions typically fund their head office and legal team functions through regularly imposed fees called ''union dues''. The delegate staff of the trade union representation in the workforce are usually made up of workplace volunteers who are often appointed by members in democratic elections. The trade union, through an elected leadership and bargaining committee, ...
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Danish Trade Union Confederation
The Danish Trade Union Confederation ( da, Fagbevægelsens Hovedorganisation, FH) is the largest national trade union centre in Denmark. On formation in 2019, it had 79 affiliated unions, with a total of 1.4 million members. History The confederation was founded on 1 January 2019, when the Danish Confederation of Trade Unions (LO) merged with the Confederation of Professionals in Denmark (FTF). LO consisted of 18 unions, with a total of one million members, most of whom worked in the private sector, while FTF consisted of 70 professional organisations, with a total of just under 500,000 members, most of whom worked in the public sector. LO and FTF began discussing a possible merger in 2015. Some affiliates were dubious about the proposition. The FTF's Finance Federation opposed the merger, while LO's largest affiliate, the United Federation of Danish Workers (3F), only decided to support it early in March 2018. One week after 3F's decision, the FTF and LO voted on the propo ...
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Finance Sector Trade Unions
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessme ...
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Trade Unions Established In 1992
Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market. An early form of trade, barter, saw the direct exchange of goods and services for other goods and services, i.e. trading things without the use of money. Modern traders generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or earning. The invention of money (and letter of credit, paper money, and non-physical money) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade involving more than two traders is called multilateral trade. In one modern view, trade exists due to specialization and the division of labour, a predominant form of economic activity in which individuals and groups concentrate on a small aspect of production, but use their output in trades for other product ...
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