Helsinki (30.11.2011 - Juhani Artto) Since 2007 the governments have reacted to abrupt structural changes with a certain set of measures designed to mitigate the rise in unemployment. A new study* indicates that the method has had a positive impact. Unemployment has clearly risen after all the redundancies and closure of factories but gradually, as a result of the measures adopted, the development has begun to follow the direction of other parts of the country, the researchers conclude.
Since 2007 altogether 22 areas, as well as the maritime industry, have been entitled to receive assistance as "areas of abrupt structural change". In almost five years governments have directed EUR 220 million for this purpose.
In addition, the financing company Finnvera has provided loans and guarantees worth EUR 500 million, and another financing company Suomen Teollisuussijoitus has been a source of investment to companies in these badly hit areas. Both of these financing companies are owned by the Finnish State.