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The agency blamed the situation on a budget deficit caused by the government’s effective end of subsidies for the fund’s adult education programs.
The Finnish Employment Fund has announced that it will lay off 73 of its employees following the conclusion of negotiations with workers’ representatives.
When the fund announced Initiate negotiations Regarding the February layoffs, the organization blamed the situation on a budget deficit caused by the government’s plan to end subsidies for the fund’s adult education programs.
The fund said the process of job cuts and layoffs would be gradual and that the negotiated agreement had been adopted unanimously.
The fund has 182 employees, 156 of whom participated in the negotiations.
The law ending support for adult education grants and vocational qualification scholarships came into effect at the beginning of June. Under the law, adult education grants can only be provided for courses starting before 1 August.
As a state agency, the fund is responsible for collecting unemployment insurance premiums and using them for workers’ unemployment insurance, adult education benefits, pension protection and wage protection.
Employment funds are supervised by the Finnish Financial Supervisory Authority (FIN-FSA), which is part of the administration of the Ministry of Social Affairs and Health.
Edited for clarity.
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