€2.6 million aid for former Nokia workers in Finland
A 2.6 million EU job-search aid for over 800 former Nokia ICT workers in Finland was recently approved. The workers were made redundant by Nokia Network Systems and three of its suppliers and downstream producers.
According to a press release, a EU job-search aid worth €2,641,800 for 821 former ICT workers in Finland passed by 32 votes to 2 in the Budgets Committee in a vote.
The measures are expected to benefit 821 out of 945 redundant workers who lost their jobs as a result of fierce competition between the Finnish ICT sector and its competitors.
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ICT plays a key structural role in the Finnish economy, Budgets Committee MEPs note in the draft resolution. They point out that the latest redundancies at Nokia “reflect a trend that affects the Finnish technology industry as a whole, where employment numbers in the last two years are extremely unstable as a result of high pressure to increase efficiency and maintain the competitiveness of products.”
They also note that the redundancies are part of Nokia’s worldwide transformation programme, “which is needed in order to be able to compete with East Asian rivals.”
The aid still needs to be approved by Parliament as a whole, on 17 May, and by the Council of Ministers, on 15 May.
The measures would help the former workers by providing them with career coaching and individual guidance, employment and business services, a variety of vocational training schemes, services for new entrepreneurs and start-up grants, hiring incentives, training-related allowances, pay subsidy and contributions towards removal costs.
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