Back to Work: Finland
Improving the Re-employment Prospects of Displaced Workers
Job displacement (involuntary job loss due to firm closure or downsizing) affects
many workers over their lifetime. Displaced workers may face long periods of unemployment
and, even when they find new jobs, tend to be paid less and have fewer benefits than
in their prior jobs. Helping them get back into good jobs quickly should be a key
goal of labour market policy. This report is part of a series of nine reports looking
at how this challenge is being tackled in a number of OECD countries. It shows that
Finland has a higher rate of job displacement than most OECD countries but that most
of these workers find a new job again relatively quickly. However, those who do not
face a considerable risk of long-term unemployment; with older displaced workers and
those with a low level of education facing the highest risk. While labour market institutions
in Finland serve most displaced jobseekers well, there is room to improve policies
for those at risk of long-term unemployment or inactivity who would benefit from earlier
identification of their problems and early, effective and well-targeted counselling
and intervention.
Published on November 24, 2016
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