x
The incomes policy agreement in a nutshell

Purchasing Power

• Pay awards in 2001
  General increase: 1.20 FIM per hour; 200 FIM per month; minimum 2.1%
  Trade union related allowance: 0.5%
  Equality allowance: 0.4%
  Effect on labour costs: 3.1%

• Pay awards in 2002
  General increase: 1.07 FIM per hour; 179 FIM per month; minimum 1.9%
  Trade union related allowance: 0.3%
  Effect on labour costs: 2.3%

• Further study on performance and profit related pay

• Legislation on staff funds to be reviewed

• Unemployment benefit: Earnings-related element increase, from 42% to 45%, from 1^st March 2002

• Index clause
  Monitoring period: January 2001—December 2001
  Index threshold 2.6%
  Minor excesses ( < 0.4% ) not to be paid

• Incomes progression clause
  Monitoring period: April 2000—April 2002
  Review commences in April/May 2002
  Review Body announces decision by 30^th August 2002

Alleviation of Workload Pressures

• Continuation of job sharing schemes

• Review of occupational healthcare legislation

• Examination of need for additional resources for regional health and safety

Educational Package

• 80 million FIM for further vocational training

• Additional tuition resources for learning at work

• Further development of apprentice training contracts

• Easier access to basic vocational education

Working Time

• Recommendation for avoidance of excessively short working hours

• Examination of need for additional resources for working time monitoring

• Review of annual leave legislation

• Working Time Committee to continue monitoring working time changes

• Ascension Day to become a national holiday with full pay in 2002

• Promotion of good working time practices

• Flexible working time project

Position of Shop Stewards and Health and Safety Representatives

• Review of time allocated to health and safety representatives for duties

• Greater recompense for duties of shop stewards and health and safety representatives

• Establishment of working group to monitor and advance position of shop stewards

Recommendation for Adoption of Euro

• Sums to be expressed in
  Finnish marks and euros in 2001
  euros and Finnish marks in 2002

• Wages and salaries may be calculated in euros from 2001, if agreed at the workplace
  The final sum to be expressed in Finnish marks

• Methods for negotiating the above

• Methods for conversion of Finnish marks to euros, principles to be adopted in rounding off the figures

• Prompt delivery of information

Implementation of Government Measures

• Tax concessions
  2001; approximately 6 billion Finnish marks
  2002; approximately 4 billion Finnish marks

• Index link legislation

• 80 million Finnish marks for further vocational education

• Job sharing schemes

• Parenting leave

• Regional health and safety resources