Some 40 paper, paperboard and pulp factories in Finland are now owned by foreign companies. The problems facing the traditionally strong Finnish paper industry together with major investments by Finnish forest industry companies abroad have provided an opening for new investors in Finland itself.
The coalition government of Prime Minister Jyrki Katainen has decided to cut the corporate tax rate from the current 24.5 per cent to 20.0 per cent. The three trade union confederations (Akava, SAK, STTK) are not happy with the decision for a number of reasons.
The Prime Ministers' Office published last Friday a report demanding more low-pay work in Finland. The report is drafted by Juhana Vartiainen, the Director General of the Government Institute for Economic Research and Osmo Soininvaara, the Green Party MP and one of the party’s chief ideologists. They propose that those under 25 years should receive salaries 20 per cent below what is set out in the collective agreements, with the sweetener of a reduction in the tax rate for those affected.
The Finnish Electrical Workers´ Union recently disclosed how Estonian electrical workers were underpaid on a major construction site (car park P-Hämppi) in the city of Tampere. After the visit of the union representatives some of the Estonian electricians joined the union and asked for help.