Business

Many Finnish Companies Charge Illegal Customer Service Phone Fees

(FINNBAY) – Helsinki, 18 June 2014. Based on the Consumer Protection Act, many companies in Finland charge for customer service phone-support more than they are allowed to. In Finland, customer service calls must not cost more than 8.8 cents per minute; however, several companies charge over that fee without the knowledge of customers. Also Read: Finnish Consumer […]

€31.4 is the Cost of a Finnish Employee Per Hour, Says Stats

(FINNBAY) – Helsinki, 18 June 2014. While the cost of labor per hour could be as low as €0.28 in Vietnam, it is about €31.4 in Finland, according to the latest data. The data includes social security, wage, salary and other costs. According to the data from the Finnish government, labour costs were, on average, […]

Aalto University Fires 124 Staff Members

(FINNBAY) – Helsinki, 18 June 2014. Finland’s one of the most powerful universities, Aalto University, reduced 124 of its staff members in order to “achieve cost savings” in its support services. In result of the Aalto University’s statutory employer-employee negotiations launched on 25 April covering about 1,600 staff, the university decided to reduce staff by 49. In addition, […]

About 4% of Finnish Organic Producers Banned Due to Fraud

(FINNBAY) – Helsinki, 18 June 2014. About 4% of organic producers in Finland were banned from conducting their businesses due to fraud such as illegal and/or unhealthy conditions, the government said on Tuesday. In 2013, there were about five thousand Finnish organic producers – the number of producers have been ‘almost’ unchanged from the year […]

Finland to Build “Robot Valley” in Helsinki

(FINNBAY) – Helsinki, 17 June 2014. The Helsinki city council and the Ministry of Employment and the Economy are preparing to establish an innovation, learning and business centre focusing on robotics and robotization, or as they call it “Robot Valley” in Helsinki. Also Read: Finland to Test Self-Driving Robotic Cars The objective of “Robot Valley”, is […]

Oulu City to Give €16 Million to Fennovoima Nuclear Power Project

(FINNBAY) – Oulu, 17 June 2014. The Oulu city council decided to invest €16-17 million on the Fennovoima nuclear power plant project on Monday. Also Read: Russia To Allocate Over €2 Billion For Nuclear Power Plant Construction In Finland The decision was favored by 40-27 during the board election. The city’s financial participation in the project will require […]

Finnish Forestry Industry is Bleeding

(FINNBAY) – Helsinki, 17 June 2014. The Finnish forestry industry is bleeding as it is experiencing a shortage of skilled labours and advanced forest machines (tech). In addition, a third of the industry’s workforce will be retiring within the next ten years. Also Read: Finnish Forestry Industry Tied to Russia, Says Finnish Forest Industries “Recent investment […]

Finnish Retailer Kesko Reduced Up to 300 Employees

(FINNBAY) – Helsinki, 17 June 2014. Finnish retailer Kesko has reduced 200 full-time employees from its Anttila subsidiary by closing four Kodin1 departments for interior decoration and home goods. The department stores to be closed are Helsinki Ruoholahti, Kuopio Kolmisoppi, Lappeenranta and Tampere Lielahti. Also Read: Kesko Closes Eight Department Stores, Axes 235 Jobs Kesko said the […]

YIT Focuses on Rental Housing Industry in Finland

(FINNBAY) – Espoo, 17 June 2014. YIT agreed with two Finnish construction companies, Ålandsbanken and Avain Asumisoikeus, to sell 51 apartments for use as rental and right-of-occupancy housing. The total value of the apartments is approximately €15 million; however, the commission rates and other details were not disclosed by the companies. Also Read: YIT Grabs Procurement Deal to Build […]

Construction and Motor Fields Most Popular Patent Applications in Finland

(FINNBAY) – Helsinki, 16 June 2014. Construction and motor fields receive the most patent applications in Finland, says the Finnish Patent and Registration Office (PRH). Also Read: Nokia Sold 16 Patent Families to Inventergy According to PRH, “a patent is an exclusive right granted to an inventor for a limited period to exploit his or her invention commercially.” […]

SEB Confiscates Finnish Executives for “Study Trip” to Israel

(FINNBAY) – Helsinki, 16 June 2014. SEB, corporate and investment bank in the Nordic countries, has gathered the top-level Finnish executives for a study trip to Israel. SEB serves large corporations and financial institutions with corporate banking, trading and capital markets and global transaction services. Also Read: Finland Buys Camouflage from Israeli Company Ahead of Sochi Games […]

Vaasan Bakery Workers Staged Full-Day Strike

(FINNBAY) – Tampere, 16 June 2014. Vaasan bakery may not be able to distribute any of its bread products in the Pirkanmaa region on Monday due to the full-day strike on Sunday at 6:00. Also Read: Finnish Food Company Atria Cuts 48 Jobs at Jyväskylä Vaasan workers staged a strike to protest against their employer’s decision to fire […]

YIT Grabs Procurement Deal to Build Bus and Freight Terminal in Lahti

(FINNBAY) – Lahti, 15 June 2014. YIT grabbed a flourishing procurement deal from the Finnish government to build a new bus and freight terminal in Lahti. The deal includes YIT to cooperate with Sito and the City of Lahti. The total value of the project is roughly €15 million, and it is due for completion in […]

Finnish Corporate Culture = Men’s Club

(FINNBAY) – Helsinki, 14 June 2014. Finnish men overwhelmingly dominate the top management level roles in corporate companies in Finland. The government, last week, admitted that “something had to be done” to enable equal representation of genders in the Finnish business world. Also Read: Finland to Force Global Firms to Improve Corporate Social Responsibility “Every corporate must promote […]

Finland to Force Sulphur Emissions from Shipping by 2015

(FINNBAY) – Turku, 14 June 2014. Finland is preparing to introduce stricter provisions on sulphur emissions from shipping by the beginning of 2015. The move is part of the adaptation of the implementation of new climate protection provisions approved by the International Maritime Organization (IMO) and on amendments to legislation required by the EU Sulphur Directive. […]