Helsinki (08.08.2014 - Heikki Jokinen) Redundancies have mostly affected private sector workers during the beginning of this year. The reasons for this are due to diminishing exports and weaker purchasing power, says Matti Tukiainen, the director of employment and sustainable growth at SAK.
"A fall off in exports is followed by a knock on effect – a lessening of demand for private services. The prolonged economic recession has made people more cautious, which leads to less frequent use of restaurant, travel and beauty treatment services than before."
The statistics published by the Central Organisation of Finnish Trade Unions SAK shows that during the first half year of 2014 a total of 54,300 employees were subject to mandatory consultation with regard to possible personnel cuts. The figure is some 5,500 more than last year.