Holiday pay is at risk in a quarter of Norwegian companies

MoneyMoney: Jon Olav Nesvold / NTB scanpix

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Nearly a quarter of Norwegian companies are at risk of holiday pay for employees, according to a survey of 4,088 NHO members.

11 percent of the companies surveyed say that they cannot meet the holiday allowance obligation to employees, while another 13 percent are uncertain whether they can pay holiday pay to their employees in June, reports Dagens Næringsliv.

Companies with fewer than nine full-time equivalents are over-represented among the companies where holiday money is at risk, while it is the worst among tourism companies. 33 percent say they have no money, while 22 percent are uncertain.

NHO boss Ole Erik Almlid tells the newspaper that the figures make an impression and that the holiday money issue is something the main organization has been pondering for a long time.

– “This is money belonging to the employees, and the premise of a possible scheme must be that the money ends up with them and does not stop in the company, although the companies that are in this situation probably need more liquidity,” he says.

© NTB Scanpix / #Norway Today

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