The Union of Education Norway promised before the strikes began, no member of their union would lose on salary if they strike. The union now has a bill of 10 million kroner ($1.62 million) per day,
Norway's teachers may strike for months
Norway's schoolchildren face an uncertain future as the teachers strike continues.Photo: Shutterstock
26 August 2014
Every day of the teacher's strike is costing Norway 10 million kroner ($1.62 million) a day, and with the teachers' unions holding over 700 million kroner ($115 million) in account, the action could continue for many months.
Yet with a bank balance of 730 million kroner ($120 million) and equity of just under one billion kroner, the Union of Education Norway can afford the cost. So far, the conflict has cost an estimated 75 million kroner ($12 million), said Aftenposten.
The costs to the teachers' unions are not as much as the savings of the municipalities during the strike. Schools save on the expense of teacher salaries as well as employer fees.
Ragnhild Lied, leader of the Union of Education Norway, would not comment on how much money is in the strike account, or how quickly it will become depleted.
She said: “We are experienced when it comes to striking and we can calculate the withdrawals in regard to a long-lasting strike.”