The information contained on this website does not constitute an offer of securities for sale in the United States, Australia, Canada, Hong Kong, Japan, Singapore or any other jurisdiction where to do so would be unlawful. No securities have been, or will be, registered under the US Securities Act of 1933, as amended, and no securities may be offered or sold, directly or indirectly, within the United States, or to, or for the account or benefit of any U.S. persons (as such terms are defined in Regulation S under the Securities Act).
Nothing on this website constitutes an invitation or offer to sell, or the solicitation of an invitation or offer to buy any securities issued by the Employment Fund. The information contained within this website is provided by the Employment Fund in good faith and is for reference purposes only.
The Employment Fund’s employee cooperation negotiations have ended. The negotiations began on 4 February 2019. As a result of the negotiations, the Fund will reduce the total number of jobs by 9 and redundancies will be completed by the end of 2019. At the start of the negotiations, the number of redundancies was estimated to be 15. The Employment Fund supports redundant personnel by providing training for re-employment. The total number of the personnel of the Employment Fund is currently 170 persons.
The Employment Fund started its operations on 1 January 2019, when the Unemployment Insurance Fund and the Education Fund were merged. The negotiations were necessary to organize Employment Fund according to the decisions made by the Board of Directors and to reach the relevant strategic and operational goals.
For more information:
Janne Metsämäki, Managing Director, tel. +358 40 522 3614
Tapio Oksanen, Chief Financial Officer, tel. +358 40 539 4651
Helsinki, 10 July 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.
Standard & Poor's has therefore kept the credit rating unchanged.
The Employment Fund proposes that the total contribution be reduced by 0.49 percentage points.