Domestic
Tools
Typography
Stakeholders in the construction industry have expressed their interest in committing to the so-called competitiveness pact.
Stakeholders in the construction industry have expressed their interest in committing to the so-called competitiveness pact.

The Confederation of Finnish Construction Industries (RT) and the Finnish Construction Trade Union (Rakennusliitto) have voiced their interest in taking part in the effort to improve the competitiveness of domestic industries after striking a settlement that deviates only moderately from the framework of the so-called competitiveness pact.

The settlement would extend the validity period of current collective agreements and waive wage increases until February 2018.

“Our settlement is in compliance with the spirit of the competitiveness pact even though it does not comply with the pact to the letter when it comes to working-time extensions. The package we struck is better at promoting the objectives of the competitiveness pact in the construction industry,” Tapio Kari, the head of labour market affairs at RT, says in a press release.

Related posts:

- STTK: Competitiveness pact 1ppt short of coverage target (25 August, 2016)

The press release indicates that several elements of local bargaining have been incorporated into the settlement in an attempt to improve the efficiency of working time. RT also estimates that the settlement would guarantee an additional one hundred million euros in income tax concessions, if it was approved as part of the competitiveness pact.

The Finnish Confederation of Professionals (STTK) stated yesterday that the additional tax concessions hinge on the participation of the information and communications technology sector.

The Government has promised to introduce income tax concessions of 515 million euros if the so-called competitiveness pact covers a minimum of 90 per cent of wage earners in the country. The current estimated coverage of 89 per cent, in turn, would trigger income tax concessions of 415 million euros.

Aleksi Teivainen – HT
Photo: Irene Stachon – Lehtikuva
Source: Uusi Suomi

Partners