In 2020, Finland`s collective agreements underwent significant changes. These collective agreements are agreements between labor unions and employers that outline the terms and conditions of employment. These agreements are legally binding and cover everything from wages and benefits to working hours and overtime.
One major change in the 2020 collective agreements was the increase in minimum wage. The minimum wage in Finland was raised to €10.10 per hour, up from €9.96 in 2019. This increase was part of a multi-year plan to gradually raise the minimum wage to €10.10 by 2020.
Another notable change was the introduction of a new holiday bonus for public sector employees. This bonus, which is known as the “Kiky-bonus”, was part of a wider agreement aimed at increasing productivity and competitiveness in the Finnish workforce. The bonus amounted to 24 hours of additional paid leave per year for public sector employees.
The 2020 collective agreements also included a number of other changes, including changes to overtime rules, parental leave policies, and sick leave policies. For example, overtime work was limited to a maximum of 138 hours per year, and employees were entitled to compensation for any overtime worked beyond this limit.
The changes to Finland`s collective agreements were seen as a positive step towards improving the rights and working conditions of employees across the country. However, there was also some criticism from employers who felt that the increased costs associated with the new agreements would make it harder for them to compete in the global marketplace.
Despite this criticism, the collective agreements were widely seen as a positive development for workers in Finland. They represent a major step forward in the ongoing effort to improve working conditions and protect the rights of employees across the country.