Helsinki Police Department has estimated that 7,000–8,000 people took part in a demonstration organised in Helsinki on Friday by the Central Organisation of Finnish Trade Unions (SAK).
EK and SAK differ wildly on costs of Friday’s demonstration
The Confederation of Finnish Industries (EK) and the Central Organisation of Finnish Trade Unions (SAK) have provided wildly differing estimates of the costs of the demonstration staged against the activation model for unemployment security in Helsinki on Friday - writes helsinkitimes.fi.
EK has estimated the costs at 120 million euros, SAK at only 18 million euros.
EK gauged the costs based on the net sales of the sectors affected by it on a typical Friday – roughly 400 million euros – and the daily value of foreign trade by sea – roughly 290 million euros. It has estimated that over 150,000 wage earners were absent from work to participate in the demonstration and work stoppages, which affected the functioning of public transport services and shut down ports across Finland on Friday.
Penna Urrila, the chief economist at EK, additionally drew attention to the far-reaching consequences of the labour market distortion for the reputation of businesses and the stability of the business environment in Finland.
The costs have been exaggerated, responded his colleague from SAK, Patrizio Lainà.
“The number does not come even close to resembling the reality. Although estimating the costs of a strike is difficult even in hindsight, EK’s cost estimate of 120 million euros is absolutely overstated. If companies do not produce goods because of a strike, the companies can later produce them as overtime work and pay the appropriate overtime rate,” he writes in his blog.
Aleksi Teivainen – HT
Photo: Jussi Nukari – Lehtikuva
Source: Uusi Suomi
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