Job Market Monitor
Finland
Finland – Unemployment benefits for high income earners to be cut
Government’s hatchet man will be focusing on unemployment benefits for high income earners as part of ongoing efforts to cut spending. The changes will come into force at the beginning of 2015 and will affect newly-unemployed persons who have worked for more than 20 years as well as employees who earned a monthly salary of more … Continue reading
Finland – The real unemployment rate is 12 percent says the Pellervo Economic Research Institute
Finland’s real unemployment rate would surpass 12 percent if the so-called “hidden unemployed” were to join the job market, according to a think tank researcher. The term hidden unemployed refers to unemployed persons who are not registered as actively looking for work. The rapid increase in the number of unemployed persons who’ve abandoned the search … Continue reading
Layoffs in Finland – The autumn will be even bleaker than the summer
The autumn will be even bleaker than the summer in terms of unemployment, according to employment experts. Firms are no longer simply putting employees on furlough, but are more eager to terminate their agreements outright. One researcher says that the situation can now be described as mass unemployment. Chosen excerpts by Job Market Monitor. Read … Continue reading
Unemployment in Finland – Rose to 9.2 percent from 7.8 percent a year ago
New figures show that levels of joblessness in June rose to 9.2 percent from 7.8 percent a year previously, with the manufacturing sector particularly feeling the brunt of job losses. Education was found to have enjoyed the largest gains in workforce numbers, despite the continuing overall trend of growing unemployment. via Education sector gains jobs despite overall … Continue reading
Finland – Entrepreneurs go to unemployment funds
The hardened economic climate has been attracting entrepreneurs in Finland to seek protection from unemployment funds, which pay out income-based benefits in the event of the business going under. Since the beginning of the year the two unemployment funds catering specifically to business owners have grown by about ten percent. Chosen excerpts by Job Market … Continue reading
Finland – Older Workers facing a growing risk of unemployment as they age
A fresh batch of data from Statistics Finland shows seniors facing a growing risk of unemployment as they age. A Tampere University researcher says the reason for the trend could be the constantly rising lower age limit for pre-retirement unemployment benefits. Employment data show that the age at which over-50 year olds face the risk … Continue reading
Finland – Unemployment above 9 percent
According to Statistics Finland some 241,000 persons were unemployed in Finland in February, bringing the unemployment rate to 9.1 percent compared to 8.7 percent one year ago in 2013. In January of this year, the jobless rate was recorded at 8.5 percent. The agency added that the number of persons in the inactive work population … Continue reading
Wärtsilä / To Cut 1,000 Jobs
Wärtsilä Oyj, the Finnish engine maker in the spotlight after Rolls-Royce discussed acquiring the company, said on Wednesday it plans to eliminate 1,000 jobs, or roughly 5% of its workforce, in response to intense competition and a slow-growth business environment. The move, intended to save €60 million in annual costs, came as the company posted … Continue reading
The Nordic Countries / Statistics on integration
Nordic Pocket Facts is the result of cooperation between the Nordic countries that began in 2011. It provides a picture of the similarities and differences of labour market integration in the Nordic countries. It also provides a tool for detecting, revealing and preventing barriers to integration such as discrimination Continue reading
Finland / Immigrants integrate over time but Differences among groups are great report says
The reports suggests that the longer an immigrant has been in Finland, the closer his or her living conditions are to those of the native population Continue reading
Tieto (Finland) / To cut a further 5 pct of workforce | Reuters
The latest cuts follow 1,600 job losses in a restructuring announced in March 2012 and completed this year Continue reading
Outokumpu / To cut 1,000 More Jobs
Outokumpu Oyj (OUT1V), the Finnish steelmaker that bought ThyssenKrupp AG (TKA)’s Inoxum unit last year, said it will dismiss 1,000 more employees in Europe to compensate for overcapacity amid a supply imbalance Continue reading
Finland / Teacher is a popular profession
In Finland, the teachers are what dreams are made of. That’s not difficult to believe when you see Omaia Zakik, 38, entering the Esplanad café located on one of the capital’s bustling roads Continue reading
Metso / To cut 750 jobs
Most of the 750 jobs to be eliminated are in Finland. Continue reading
Finland / April unemployment at 8.8%
According to Statistics Finland, April unemployment stood at 8.8%. In March the figure was 9%. In April 2012, it was 8.4%. Figures from the Ministry of Employment and the Economy show that there were around 40,000 more unemployed job seekers in April than there were one year previously. The rate of unemployment among men last … Continue reading
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