Confederation of Finnish Industries
Encyclopedia
The Confederation of Finnish Industries (EK, ) is the largest business organisation in Finland
. It was formed in the beginning of 2005 when two private sector organisations, Palvelutyönantajat (Employers of the Service Sector) and Teollisuuden ja Työnantajain Keskusliitto (Union of Industries and Employers), united. EK's member companies collectively contribute over 70% of Finland's GDP, and over 95% of Finland's exports. It has considerable negotiating power, since Finland has universal validity of collective labour agreements
, and often a Comprehensive Income Policy Agreement
is reached.
EK focuses its activity on the following goals:
The organisation consists of:
Finland
Finland , officially the Republic of Finland, is a Nordic country situated in the Fennoscandian region of Northern Europe. It is bordered by Sweden in the west, Norway in the north and Russia in the east, while Estonia lies to its south across the Gulf of Finland.Around 5.4 million people reside...
. It was formed in the beginning of 2005 when two private sector organisations, Palvelutyönantajat (Employers of the Service Sector) and Teollisuuden ja Työnantajain Keskusliitto (Union of Industries and Employers), united. EK's member companies collectively contribute over 70% of Finland's GDP, and over 95% of Finland's exports. It has considerable negotiating power, since Finland has universal validity of collective labour agreements
Universal validity of collective labour agreements
In Finland, Universal validity of collective labour agreements is a condition that a collective agreement in an economic sector becomes a universally applicable legal minimum for any individual's employment contract, union member or not. It requires that half of the workforce in that sector support...
, and often a Comprehensive Income Policy Agreement
Comprehensive Income Policy Agreement
Finnish national income policy agreements or comprehensive income policy agreements are tripartite agreements between Finnish trade unions, employers' organizations, and the Finnish government. They are policy documents covering a wide range of economic and political issues, such as salaries,...
is reached.
EK focuses its activity on the following goals:
- A business environment which stimulates growth and success for companies
- Securing the competitiveness of Finnish work
- Ways to benefit from the opportunities offered by globalisation
- Economic policies promoting competitiveness
- Efficient member services
The organisation consists of:
- 43 branch associations
- About 15,000 member companies, 96% of which are small and medium enterprises (SMEs)
- About 900,000 employees