The measures unveiled by the Government on Tuesday to boost the competitiveness of Finnish industries are arguably bold, but whether or not they prove effective remains to be seen.
“The first step is to adjust the fiscal policy by cutting the social security contributions of employers, which will bring a cost of 847 million euros to the Government. Public spending will then be reduced by 1.4 billion euros,” says Roope Uusitalo, a professor of economics at the University of Jyväskylä.
The reduction of the social security contributions is an attempt by the Government to lower the labour costs of businesses and, thereby, to improve their competitiveness. The Government expects the unit labour costs of businesses to consequently decline by five per cent.

Source:
http://www.helsinkitimes.fi/finland/finland-news/domestic/13529-productivity-is-top-priority.html