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The Employment Fund's employee cooperation negotiations have ended

Employment Fund        Stock Exchange Release       10 July 2019 at 11:00 a.m


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

Employment Fund

Tapio Oksanen
Chief Financial Officer

Distribution:
NASDAQ OMX Helsinki
Media
www.tyollisyysrahasto.fi/en/

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.