Archive

Helsinki (28.12.2011 - Juhani Artto) In Finland talk on the economy in the media has in recent months been very pessimistic despite the fact that purchasing power for wage and salary earners is expected to grow in 2012. The constant pessimistic utterances coming from experts have succeeded in undermining people's confidence in their own economic and financial viability to such an extent that it echoes autumn 2008 when recession badly hit European economies.

These gloomy sentiments ignore the prognosis published by the Taxpayers' Association of Finland (TAF) earlier in December. TAF estimates that wages and salaries will increase on average by 3.4 per cent, whereas prices are predicted to rise by 2.6 per cent. As taxes will slightly increase the real value of wages and salaries will improve on average of 0.6 per cent.

Helsinki (09.12.2011 - Juhani Artto) Last year, the almost 3,000 affiliates of foreign companies in Finland employed 215,000 men and women. This adds up to15 per cent of all company personnel in the country. The share of turnover was even higher, 20 per cent. 

Affiliates of Swedish companies employed over 70,000 persons, U.S. companies over 20,000 and both UK and German companies slightly below 20,000.

Helsinki (07.12.2011 - Juhani Artto) The Electrical Workers' Union announced on Friday that it has settled the dispute concerning the arbitrary sacking of dozens of organized Polish electricians at the Olkiluoto nuclear power plant construction site.

The Polish company Elektrobudowa SA has committed itself to re-employing all of the electricians it sacked in mid-November.

However, their jobs will not be in Finland but in Poland. Their status will improve nonetheless, as they will now have permanent employment relations as opposed to the temporary arrangement they had in Finland.

Helsinki (05.12.2011 - Juhani Artto) The life expectancy increased from 1988 to 2007 in all income quintiles except for the lowest one which has effectively been stagnant since the early 1990s. These trends have led to an alarming disparity in life expectancy between the highest and the lowest quintiles.

At the age of 35, the disparity widened from 7.4 to 12.5 years among men and from 3.9 to 6.8 years among women. This is the major finding of a new study made at the University of Helsinki.

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.

Helsinki (28.11.2011 - Juhani Artto) Early on Monday morning the last obstacle on the road to the acceptance of a new labour market framework agreement was overcome. Then the trade union of transport drivers and port workers AKT and its employer counterpart agreed on details on how to apply the framework agreement, approved in October by the labour market confederations.

And so, the same morning these various confederations concluded that support for the agreement is broad enough to take effect. At noon the government announced that it had come to the same conclusion.

Helsinki (22.11.2010 - Juhani Artto) In late September we reported on suspicions that Turkish electricians are not being properly paid for building a new 400 kV transmission line in Southern Ostrobothnia (www.artto.kaapeli.fi/unions/T2010/n28). These suspicions had been voiced by The Electrical Workers' Union.

Soon after that Sauli Väntti, who is responsible for the union's work in the energy and ICT sectors, visited the work site of the Turkish company Internationale Freileitungsmontage (IFM) to gather information on working conditions. A week later - without any explanations - the 33 Turkish electricians returned home.

Helsinki (18.11.2011 - Juhani Artto) The Polish company Elektrobudowa Spolka Akcyjna has given notice to 32 Polish electricians at the Olkiluoto nuclear power plant construction site. Most of the sacked workers are rank and file members of the Finnish Electrical Workers' Union.
According to Finnish unions, the company has let it be known that it will also dismiss the remaining organized Polish electricians by the end of the year. At the end of October 190 Elektrobudowa SA's employees were rank and file members of the Finnish Electrical Workers' Union. The company has around 360 employees altogether at the Olkiluoto construction site.
Among the sacked electricians were many who earlier this year sued the company for unpaid salaries.

Helsinki (09.11.2011/edited 09.11.2011 - Timo-Erkki Heino*) For a long time after World War II and up until the mid-1990s Finland was often described as "a moderate society". But then came an abrupt change. Income inequalities, which had slowly been diminishing during this period, started to increase rapidly.

Before the mid-1990s the incomes of the CEOs of Finland's biggest companies from ordinary employees averaged 14 times the average income of the workers at the same companies. After 1995 the CEO income averaged 31 times that of the workers. If the mobile-phone company Nokia, by far the biggest and one of the most international of the Finnish companies, is included, the incomes of the CEOs averaged 110 times the income of the workers.

Helsinki (05.11.2011) "According to the results presented in this paper, it is clear that there has been a trend-like decline in the labour share in most major OECD countries at an unchanged rate of unemployment", Pekka Sauramo writes in a new study, published recently by the Labour Institute for Economic Research.

"The interpretation of this kind of decline is not straightforward, but it is highly likely due, at least partly, to the weakened bargaining power of labour", Sauramo concludes.