– Agree to enter into negotiations – E24
NHO is ten times larger and has so far represented industry, fish and oil. Now the big capital, at Finans Norge, is also behind the cannons.
The financial industry’s foremost interest organization, Finans Norge, will, after all, be the largest interest organization in the business community, NHO.
Both boards have decided that they want a merger.
NHO chief Ole Erik Almlid also confirms E24’s information.
– NHO and Finans Norge have agreed to enter into negotiations on the possibility of Finans Norge becoming a new national association in the NHO community, says CEO Ole Erik Almlid in NHO to E24.
Size means something in working life. On the employee side, LO has almost one million members in a separate category.
On the employer side, NHO is already the heaviest. But if this merger becomes a reality, the new NHO and the larger unit will become. The new organization will have an even stronger voice in the consultation round, wage settlement and the public debate.
– Mutually dependent
Almlid points out that NHO and Finans Norge have in recent years collaborated in a number of areas nationally and regionally.
It has also shown what can be achieved together, both in terms of relationship building and politics, Almlid believes.
This is also the germ of the message from the Finans Norge manager.
– The financial industry and the rest of the Norwegian business community are increasingly intertwined, are mutually dependent on each other and have common interests in most areas, says CEO Idar Kreutzer of Finans Norge to E24.
– It will be a strength if we can together develop a comprehensive policy that brings together capital needs and access to capital.
– Serves us all
NHO is Norway’s largest and most important employers’ organization, and brings together the entire breadth of Norwegian business and industry. Almlid believes that the financial industry will have a natural place in, and a lot to contribute, to the NHO community. ?
– The starting point for the talks is that our members in both organizations will have a stronger membership offer through strengthened business policy work, stronger competence, and strengthened membership services, says the NHO chief.
Kreutzer also points out that the Norwegian model is based on a strong tripartite collaboration.
– A well-organized employer side serves us all – and helps to ensure growth and jobs in a responsible working life and sustainable economy, he says.
– Ready before the summer
At the same time, he emphasizes that a final decision has not been made.
Through negotiations, the parties will get closer to each other and clarify how a possible merger will actually affect and strengthen the respective organizations, Kreutzer explains.
– Our common ambition is to have a recommendation ready before the summer. After that, it is up to Finans Norge’s annual meeting to approve a request to NHO, and it is up to NHO to decide whether to approve this, he says.
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If the process goes through, Finans Norge will become part of the NHO community as a separate national association.
It thus joins 16 other national associations that look after the member companies’ industry interests, including Energy Norway, Norwegian Industry, Norwegian Oil and Gas, as well as NHO Reiseliv and NHO Service og handel, among others.
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Close to 650,000 man-years
Finans Norge’s member companies, almost all of the country’s banking, finance and insurance companies, comprise 240 companies that employ around 50,000 man-years.
The Confederation of Norwegian Business and Industry (NHO) represents around 30,000 employers in everything from industry to oil and fishing, which together employ around 590,000 man-years.
NHO estimates that their member companies contribute approximately 40 per cent of value creation in Norway, measured by gross national product (GDP).
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