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Finland is looking into the possibility of turning to the EGF to support the employees affected by the bankruptcy of Anttila, reveals Jari Lindström (PS), the Minister of Employment and Justice.
Finland is looking into the possibility of turning to the EGF to support the employees affected by the bankruptcy of Anttila, reveals Jari Lindström (PS), the Minister of Employment and Justice.

The Ministry of Economic Affairs and Employment has begun exploring options to support the employees affected by the bankruptcy of Anttila, reveals Jari Lindström (PS), the Minister of Employment and Justice.

Finland, he points out, has received assistance to cope with other mass redundancies – such as those made recently by Microsoft and Nokia – from the European Globalisation Adjustment Fund (EGF). “We therefore luckily – or unfortunately, however you choose to look at it – have experience of the matter,” he writes in a blog published on Puheenvuoro.

Related posts:

- Anttila's bankruptcy to lead to legislative changes, says head of Commerce Committee (27 July, 2016)

- Anttila's last-gasp sales campaign raises questions among consumers (26 July, 2016)

- Anttila declares bankruptcy (20 July, 2016)

Lindström reminds that a key eligibility criterion for assistance from the EGF is that the lay-offs are a consequence of globalisation-induced structural changes in the competitive landscape. The entry of several major international retail chains to Finland, he argues, has certainly had an impact on the competitive position of Anttila and Kodin1.

“An increase in global e-commerce has similarly had an impact on competition in the domestic retail sector,” he says. “It is now important to determine whether the criteria are met in the case of Anttila, if the lay-offs are implemented in full.”

The EGF can provide assistance to member states in the event that a single employer lays off a minimum of 500 staff members. Mikko Tiilikka, the administrator of the bankruptcy estate of Anttila, has revealed that nearly all of the 1,300 people employed by the retailer are likely to be laid off as a result of the bankruptcy.

Lindström acknowledges that the fact that the employer is bankrupt distinguishes the case from those of Microsoft and Nokia but estimates that it is nonetheless worthwhile to look into whether or not the criteria are met.

“In the case of Microsoft and Nokia, we were able to determine our possibilities to utilise the EGF rather quickly based on our prior experiences. We are now looking into the possibility in the case of Anttila,” he writes.

Aleksi Teivainen – HT
Photo: Roni Rekomaa – Lehtikuva
Source: Uusi Suomi

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