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More than 12,000 jobs lost to date in 2012

According to figures from the Central Organisation of Finnish Trade Unions SAK, the largest contributors to the pool of the recently-unemployed have been Finnair, Nokia, Nokia Siemens Networks, Tieto and FNsteel.

New statistics released by the Central Organisation of Finnish Trade Unions SAK reveal that about 12,000 people have been retrenched to date in 2012. Between January and August redundancy talks covered just under 57,000 workers.

The union figures are based on publicly announced consultative negotiations and their final outcomes.

During the same period last year, job losses amounted to 5,900 following consultative discussions involving some 23,000 employees.

SAK has included members of the Finnish Defense Forces who have lost their jobs. In June the Finnish Defense Forces announced that it was cutting 1200 jobs.

However the armed forces have said that only a few dozen personnel would lose their positions this year as they intend to spread the job cuts over a period of several years.

So far the deepest retrenchments have come from Finnair, Nokia, Nokia Siemens Networks, Tieto and FNsteel.

Just last week the engineering company Metso announced that it was cutting 630 employees from the payroll, while the financial services group OP-Phojola revealed plans to shelve 700 jobs.

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