Palkkis

Palkkis is a Finnish term that broadly refers to various types of layoffs or dismissals in the workplace. The word originates from the Finnish verb "palkata," meaning "to hire," and its application in the context of layoffs signifies a reversal of the hiring process. Palkkis is not a single, legally defined term but rather a colloquial umbrella term encompassing different forms of workforce reduction.

The reasons for palkkis can be diverse, often stemming from economic downturns, restructuring of companies, or a decline in demand for a particular product or service. Depending on the circumstances, palkkis can be temporary or permanent. Temporary layoffs, often referred to as "lomautus" in Finnish, involve a temporary suspension of employment, with the expectation of rehiring when conditions improve. Permanent dismissals, or "irtisanominen," signify the complete termination of the employment contract.

The implementation of palkkis is subject to Finnish labor laws, which outline procedures and rights for both employers and employees. These laws typically require employers to provide notice periods, severance pay, and justifications for dismissals, particularly in cases of collective redundancies. Employees facing palkkis often have recourse to unions and employment services for support and guidance regarding their rights and potential alternative employment opportunities. The term palkkis is widely understood in Finnish society and is frequently used in media and everyday conversations when discussing employment adjustments.