OSLO, Could 2 (Reuters) – The chief govt of Norway’s $1.4 trillion sovereign wealth fund, Nicolai Tangen, on Tuesday denied accusations of gender pay discrimination on the fund throughout a courtroom case introduced by a feminine worker.
Elisabeth Bull Daae, head of buying and selling analytics at Norges Financial institution Funding Administration, is suing the unit of the central financial institution that manages the fund for 16 million crowns ($1.5 million) in compensation and damages.
Daae mentioned she was paid lower than her male colleagues doing equal jobs for a decade, a declare firmly rejected by the fund.
“We do not discriminate on pay. There are not any variations linked to gender,” Tangen advised the courtroom.
He mentioned there have been variations within the stage of accountability between roles that contain making funding choices – roles to a bigger extent crammed by males – and people that don’t.
“The pay in these two classes may be very totally different within the labour market and now we have to adapt to that,” he mentioned.
Taking accountability for investments is a totally totally different job, involving extra stress and work hardly ever confined to workplace hours, he mentioned. These in roles with much less stress, he added, shouldn’t demand equal ranges of pay.
Tangen mentioned the fund’s organisation had achieved its utmost to resolve the battle and keep away from going to courtroom, however that Daae had rejected all gives proposed by the fund, the place she nonetheless works.
One supply concerned two years’ wage paid to Daae, a one-year undertaking on the fund, further coaching and taking Tangen’s companies as a advisor ought to she want to arrange her personal enterprise.
($1 = 10.7537 Norwegian crowns)
Reporting by Victoria Klesty; Enhancing by Conor Humphries
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