Lay-offs dropped to five-year low in Finland in 2016

SAK highlights that both the number of employees affected by consultative negotiations and the expected number of lay-offs fell especially towards the end of last year. Jarkko Eloranta, the president of SAK, urges employers to do their part to maintain the current positive trend. “Employers have to shoulder their responsibility now. The brighter outlook for the labour markets provides businesses with an excellent opportunity to promote growth and job creation with investments,” he said. The number of lay-offs fell by almost 20 per cent year-on-year in the manufacturing industry but only by some 7 per cent in the service sector largely due to lay-offs announced by major retailers. (Helsinki Times)



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