Seventh report of the Helsinki GSE situation room: Largest drop in salary amount in April in Kouvola, Vaasa and 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:
Read more news
Team of Interior Architect and Contemporary Design students won the Habitare Design competition 2023
The Habitare Design Competition is intended for students studying art, design, and architecture in Finland. This year ‘s theme of the competition was “Tools for togetherness”, which required the teams to design and implement new types of tools to promote togetherness and interaction on a human scale or more widely.
Mika A. Sillanpää: ‘Having a couple of little black holes in the lab would be tremendously helpful’
From sidestepping the Heisenberg uncertainty principle to demonstrating quantum gravity, Aalto Professor has a habit of advancing boundaries in quantum physics
International theses workers provide new ideas for business operations
Thesis Fair helps international students connect with Finnish companies and find master’s thesis positions.