Monday, March 12, 2012

Labour reform in Finland: more protection for workers

Finland, contrary to Spain, has launched a group of reforms focused on protect workers and unemployed people. Helsinki continues with the “Nordic model”, while the southern European countries liberalize their labour market.

While Spain announces reduction in firing costs, Finland takes measures to protect their workers. The northern country rise at a 2.9% and an unemployment rate of 7.6%. The rating agencies value Finland with a “triple A”.

Even if the macroeconomical data is favorable, the outlook was not so good, because of the European context. That's why the government, ruled by Jyrki Katainen, decided to launch these measures.

Unemployed people will be protected by government; purchasing power has fallen 0.6% in 2011, so unemploument benefit has been increased from 25.74 € to 31.36 €.

In October 2011, after some agreements between social agents, trade unions have got the reduction of income taxes with the aim of increase contribution bases for pensions. Also, salaries have grown in a 0.6%. Getting better life conditions for unemployed people, better salaries for workers and helps for housing are the three main solutions that are going to help everybody.

Xabier Sanchez

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