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Business

Union: protect bank whistleblowers better

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September 26th, 2013


This article is more than 10 years old.

Bank employees who inform financial oversight authorities that their employer might be on the verge of cracking need better protection, according to Finansforbundet, their union.

Currently bank whistleblowers can receive up to nine months pay if they are fired or threatened at work, and only if they can prove there is a connection.

Union officials say that without better protection, few employees will come forward and instead proposes two years salary in compensation.

The burden of proof should also shift to the employer, the union said. 

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SEE RELATED: Government backs new EU banking regulations

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