Day: February 8, 2022

Collective agreement for the commerce sector has been established

The Finnish Commerce Federation and the Service Union United PAM reached an understanding on the Collective Agreement for the Commercial Sector late on Tuesday, 1 February 2022. The Finnish Commerce Federation describes the solution as moderate, but also sees that maintaining and developing the competitive strength of the industry will require more extensive, structural reforms in the future.

World market price increase boosts shops’ turnover – employment rate is declining

According to the Finnish Commerce Federation, over the next two years, the increase in turnover in retail trade will be mainly due to the increase in world market prices. The cost of raw materials and energy in particular will lead to higher prices. In the last quarter of last year, the growth in turnover was based solely on the increase in prices. After the pandemic period, employment in the retail sector is expected to decline.