If your company’s financial situation has deteriorated, laying off employees or ending their employment may be the first solutions that come to mind. However, you should familiarise yourself with the different options, especially when a difficult situation only seems temporary.
Changes to the employment contract
The termination of employment may be initiated either by the employer or employee. You will find information on employee cooperation negotiations, dismissals, layoffs, and alternatives to them at Job Market Finland.
When the financial situation of your company has deteriorated, dismissing employees from employment may be the first solution that comes to mind. However, you should check out all different options, especially when the difficult situation seems only temporary. Sometimes, for example, layoffs are a suitable option.
If you must dismiss your staff, you will need to arrange change negotiations. The transition security services provided by the TE Office help dismissed employees and make the transition easier for you as an employer.
Your employment relationship with your employee will also end when your employee retires.