Employment Fund : Employment Fund starts employee cooperation negotiations

Employment Fund     Stock Exchange Release      4 February 2019 at 11:00

                                                                
Employment Fund starts employee cooperation negotiations

Employment Fund commenced its operations 1 January 2019 when Unemployment Insurance Fund and Education Fund were merged. Employment Fund starts employee cooperation negotiations based on the restructuring needs resulting from the merger. The negotiations are necessary to organize Employment fund according to the decisions made by the Board of Directors and to reach the relevant strategic and operational goals.   The negotiations are covering the personnel of 168 persons.

The aim of the employee cooperation negotiations is not to generate cost savings but rather to restructure the operations of the Fund according to the aforementioned goals. The preliminary estimate of the need of the reductions of the personnel is at the maximum 15 persons.

Additional  information:

Janne Metsämäki, Managing Director. tel. [phone]

Helsinki, 4 February 2019

Employment Fund

Tapio Oksanen
Chief Financial Officer

Distribution:
NASDAQ OMX Helsinki
Media
www.tyollisyysrahasto.fi

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.

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Source: Työllisyysrahasto via Globenewswire