Employment, Estonia, Financial Services, Good for Business, Labour Unions, Latvia, Legislation

The goal of this memorandum is to develop cooperation and information exchange between the employees of the financial sector in Latvia and Estonia in order to create a stable, secure and growth-promoting working environment and to increase social security for the employees.

Chairman of the board (Financial Sector Trade Union of Latvia) Andrejs Mežals: “Many institutions of the financial branch in Latvia and Estonia have been cooperating for a long time and are closely tied together. Therefore it is only obvious that such cooperation is being developed between the employees as well. Thereby also the plans for a wider cooperation with partners in Lithuania and Scandinavia are being developed.”

Chairman of the board (Association of Estonian Financial Sector Employees) Victoria Saue: “As the key employers in the Baltic financial sector are largely the same Scandinavian companies, it was the natural course of events that the Estonian and Latvian trade unions move towards closer cooperation. This memorandum shall be the basis for future joint efforts on the Baltic and Scandinavian level.”

As of now the Estonian and Latvian financial sector trade unions include members employed at:

Latvia: Altum (former Latvian Mortgage and Land Bank), Citadele Bank (former Parex Bank), DNB Bank, ERGO Latvia, FKTK (Financial and Capital Market Commission), IF Latvia, JSC Bank Latvijas Pasta Banka, The Treasury of Republic of Latvia, Nordea Bank Finland Plc Latvia branch, Skandinaviska Enskilda Banken AB Riga branch, SEB Bank Latvia, Open-ended pension fund SEB atklātais pensiju fonds, Investment management company SEB Wealth Managemen", Leasing company SEB Leasing, Insurance company SEB Life Insurance, UniCredit Bank,

Estonia: SEB Bank Estonia, SEB Life and Pension Insurance Estonia, SEB Leasing Estonia, Swedbank Estonia, Swedbank Investment Funds Estonia, Nordea Bank Finland Estonian Branch, LHV Bank Estonia, BIGBANK Estonia.

The goal of FSTU is to create a representative force, acknowledged in Latvia and Europe, for the economical and social interests of its members, because only “TOGETHER WE CAN DO MORE”.