Jobless figures up, Finnish GDP to shrink less than expected
Finland's seasonally adjusted unemployment rate rose to 8.0 percent in August compared to a revised 7.8 percent last month, Statistics Finland said on Tuesday
According to the Central Organisation of Finnish Trade Unions some 12,000 workers lost their jobs between January and August this year.
The payroll cuts resulted from redundancy talks that covered just under 57,000 workers.
During the same period last year, around 6,000 jobs were lost in consultative discussions involving some 23,000 employees.
This year, the deepest payroll cuts have come from Finnair, Nokia, Nokia Siemens Networks and Tieto.
Meanwhile according to this Autumn's PTT Research Institute forecast, Finland’s economy will contract less than forecast this year.
Gross domestic product will shrink 0.4 percent this year, compared with a March prediction of 0.9 percent, the institute said.
The economy will expand 0.8 percent next year, compared with an estimate for 2.3 percent growth, the forecast said.
