News

Seventh report of the Helsinki GSE situation room: Largest drop in salary amount in April in Kouvola, Vaasa and Helsinki

The report is presented at an open access webinar in Zoom on Thursday, 4 June at 8 am.
Economicum-rakennus vaahterapuun katveessa
Economicum building at Arkadiankatu (Helsinki)

The Helsinki Graduate School of Economics (Helsinki GSE) has established a situation room to support ministries and other public authorities in economic policy-making during the coronavirus crisis.

The Situation Room will publish its seventh report on Thursday 4 June 2020 at 8 am, and a webinar on the topic will also start at this same time in the Zoom app (link below).

This seventh report deals with and illustrates the following:

  • According to the Incomes Register, the salary amount in April, minus holiday bonuses, was about 5 % lower than in 2019.
  • The salary amount in the first half of May, minus holiday bonuses, was at the 2019 level.
  • Among larger cities, the April salary amount reduced the most in Kouvola, Vaasa and Helsinki. The reduction was over 7 % compared to April 2019.
  • Åland, Lapland and North Karelia are the provinces where the percentage drop in turnover has been highest compared to the beginning of the year (about 10 %). In terms of euros, the decline has been the greatest in Lapland and Uusimaa.
  • Very small companies have suffered the most in proportion. In terms of euros, the biggest decline has been recorded for large companies.
  • On average, the impact of the coronavirus crisis on net sales has been approximately only -1 %, but almost 40 % in the hotel and restaurant sector, and in other service sectors, the decline has also been great.

Link to the webinar on Thursday 4 June at 8 am: https://aalto.zoom.us/j/67975406938

The weekly webinars will be held in Finnish; they are open to everyone and free of charge.

More information on the Situation Room and its latest public reports can be found on the Helsinki GSE website https://www.helsinkigse.fi/
 

Additional information:
Otto Toivanen
Aalto University, Professor
Helsinki GSE, Academic Director
+358 50 353 7651
[email protected]

Helsinki Graduate School of Economics is a joint teaching and research unit in economics of Aalto University, University of Helsinki and Hanken School of Economics.

  • Published:
  • Updated:
Share
URL copied!

Read more news

Tauluja taidemuseon seinällä, kuvituskuva tutkimusuutiseen, joka paljastaa kuinka kuvataiteen katselu vaikuttaa tunteisiin
Research & Art Published:

Art evokes feelings in the body

A new study from the University of Turku and Aalto University in Finland reveals that art has a powerful effect on people's bodies and emotions.
Tummaan paitaan pukeutunut vaalea lyhyttukkainen nainen seisoo kädet ristissä rinnan edessä, taustalla korkeakoulun tiloja
Appointments, Research & Art, University Published:

Professor Arja Karhumaa: ‘We need to better understand how texts are viewed’

Introducing our tenured professors: professor Arja Karhumaa explores the relationship between language and the visual form of a text –how a text looks at any given moment, and how it affects us as human beings.
Konsta Laakso and Elsi Sloan act in the short film of Oasis of Radical Wellbeing
Research & Art Published:

The short film filmed in Aalto tells about a student's difficult choice

The shooting of the short film Myötätunto III, funded by Aalto University's Oasis of Radical Wellbeing project, began in Otaniemi on March 17th. The premier is on May 30th as a part of the Green Minds, Healthy Hearts – Social Sustainability Symposium in Aalto University's Harald Herlin Learning Center.
Katri Kaupin CAPSTONE-kurssin loppuesitykset
Cooperation, Studies Published:

In the supply chain management CAPSTONE course students worked on future challenges

Students were able to solve real-life challenges, receiving support from the professor and company representatives