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Employment Fund Stock Exchange Release 4 February 2019 at 11:00
Employment Fund starts employee cooperation negotiations
Employment Fund commenced its operations 1 January 2019 when Unemployment Insurance Fund and Education Fund were merged. Employment Fund starts employee cooperation negotiations based on the restructuring needs resulting from the merger. The negotiations are necessary to organize Employment fund according to the decisions made by the Board of Directors and to reach the relevant strategic and operational goals. The negotiations are covering the personnel of 168 persons.
The aim of the employee cooperation negotiations is not to generate cost savings but rather to restructure the operations of the Fund according to the aforementioned goals. The preliminary estimate of the need of the reductions of the personnel is at the maximum 15 persons.
Janne Metsämäki, Managing Director. tel. +358 40 522 3614
Helsinki, 4 February 2019
Chief Financial Officer
NASDAQ OMX Helsinki
The Unemployment Fund and the Education Fund are now Employment Fund. We collect the unemployment insurance contributions that are among other things financing the earnings-related unemployment benefits and urging forward the innovation of learning with the adult education allowance.
Report consists Annual Review, Financial Statements, Corporate Governance Statement and Remuneration Report.
The Unemployment Insurance Fund’s result for the financial year 2018 showed a surplus