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Back to Work: Finland

Improving the Re-employment Prospects of Displaced Workers

In series:Back to Workview more titles

Published on November 24, 2016

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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.

TABLE OF CONTENTS

Foreword
Abbreviations and acronyms
Executive summary
Assessment and recommendations
Job displacement in Finland and its consequences
Prevention of job displacement in Finland and early interventions to promote job-to-job transitions
Mainstream income support and employment services and their effectiveness for displaced workers in Finland
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