Helsinki (07.07.2009 - Juhani Artto) In Finland there is no minimum wage legislation. Instead, in most sectors of working life, national collective agreements determine what the lowest level of wages should be.
Recently, Yle News (published by the Finnish Broadcasting Company) said that the union confederation SAK and its affiliated unions will strive to raise, in the next round of collective bargaining, all minimum wage levels to at least EUR 1,500 per month. This new demand concerns all those working regular working hours as full-time employees.
Realisation of the demand would not radically change wages and salaries but, still, it would mean for tens or hundreds of thousands of employees a clear improvement in their standard of living. In certain types of job the approximately EUR 8 per hour minimum wage makes for, in terms of full-time employment, a monthly income of only about EUR 1,300.