Finland: new wage agreement for 2016

The Finnish social partners including the employers’ confederation EK and the trade union confederations, SAK, AKAVA and STTK have agreed wage rises for 2016 within the framework of the growth and employment pact that was signed in October 2014 to improve Finland’s competitiveness. The 2015-2017 pact covers 93% of Finland’s workers and intends for limited wage rises in 2015 and 2016 with 20€ per month for 2015 and a 0.4% rise for 2016 as well as a revision clause in 2015.
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As intended in the pact the social partners came together in the spring to revise the 2016 wage agreement. Negotiations were conducted under pressure from the new center-right/extreme-right Finnish government that wants to impose a social contract agreement with for example 200 million € less in unemployment allocations, 100 non paid overtime hours for each worker and lower salaries for Sunday working. Because of this the social partners made it a point of principle not to turn to the governmen

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