The chair of the Metalworkers' union board Riku Aalto said it is now the time for the companies to play their part in meeting the competitiveness package.
“We are now waiting for millions of investments in the country and employment growth. If that does not happen, there will be no longer conditions for such agreement,” Aalto said after the agreement was approved.
The coverage of the agreement according Confederation of Finnish Industries will become 86 percent.
This means that the tax cuts promised by the government will be 415 million euros in next year's budget.