Finnish Labour Market Reform in Sight After Key Union Agrees
In Finland, the country is in the process of implementing a new labor reform bill that is meant to improve economic growth. The bill will cut the benefits of workers as well as relax rules in the labor market. On Friday, the Metalworkers Union, which represents 14,000 workers, voted in favor of of the bill. Along with these reforms, the government plans to cut taxes as well as spending. Workers will have to contribute more toward their pensions and increase their hours in return.
See "Finnish Labour Market Reform in Sight After Key Union Agrees", The New York Times, June 10, 2016