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Finnish employers signal backtracking on wage agreements

Not all businesses can afford to pay the agreed wage increases in Finland, warns the Federation of Finnish Technology Industries. Yet the trade unions will not tear up any collective agreements. The corona crisis rises many questions for Finnish labour market politics. Some say Finland’s competitiveness could be under threat. Employers argue the Prime Minister’s vision for six-hour days makes matters worse.

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Not all industries are doing badly

Parts of Finnish industry has begun regretting the cost of last spring's collective agreement. Minna Hella, Executive Director for industrial relations at Technology Industries Finland, warns that not all companies will be able to afford the wage increases. Some industries are doing well, however. At the Helkama factory in Hanko (Helkama Velox),  Jukka-Pekka Liimatta is busy spraypainting bicycle parts (above). The Bicycle trade is booming in corona times, and electric bikes are becoming ever more popular.

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