Finland's Employment Fund announced that it is terminating the jobs of 73 people at the agency, following the conclusion of negotiations with worker representatives.
When the Fund announced it was initiating negotiations about the downsizing effort in February, it blamed the situation on budget shortfalls caused by the government's plans to end the Fund's adult education programme subsidy.
The Fund said that the job cut and redundancy process would be gradual, and that the negotiation agreement was unanimous.
The Fund employs 182 people, 156 of whom were included in the negotiations.
The law that ended support for adult education funding and vocational qualification scholarship went into effect at the beginning of June. According to that law, adult education support can only be granted for programmes that begin before 1 August.
A state agency, the Fund collects unemployment insurance contributions and uses that money for workers' unemployment security, adult education benefits, pension security and pay security.
The Employment Fund is supervised by FIN-FSA, the Finnish Financial Supervisory Authority, and part of the social affairs and health ministry's administrative branch.
Edited for clarity.
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