In Swedish
Employers’ Guide Working Hours Time to timebank- reduction of working hours

Time to timebank- reduction of working hours

For a full-time employee, for each working week completed in full, the employee earns time to an individual time bank. This time can then, on a basis of an agreement between the employer and the employee, be taken out in the form of paid leave or cash payment. When taking out paid leave, the time will be returned to the individual’s available overtime. The employer and the local union branch can agree that all or part of the time must be scheduled as a reduction in working hours instead of being entered in the employee's time bank.