Cuts

Tourism

AIRLINES

Finnair to cut 200 jobs and operate "with a smaller capacity"

The Nomad Today 9/30/22

The war in Ukraine and closed Russian airspace have significantly affected the company's business, according to CEO Topi Manner

Economy & Business

TAXES

Spain to cut income tax for workers who earn up to € 21,000

The Nomad Today 9/29/22

In addition, the coalition government (PSOE-Podemos) chaired by Prime Minister Pedro Sanchez will create a new so-called "solidarity tax" for the richest

Economy & Business

BUSINESS

Netflix cuts 150 jobs after subscriber slump, revenue slowdown

The Nomad Today/dpa 5/18/22

The company did not say what departments would be affected by the cuts, though most of the job losses are in the US

Economy & Business

ENERGY

Netherlands cuts taxes on fuel and energy amid record high costs

The Nomad Today/dpa 3/11/22

In addition, people with low incomes will receive subsidies to compensate for high electricity and gas prices

Economy & Business

AIRLINES

Finnair to cut 20% of flights in February due to Covid-19 sick leave

The Nomad Today 1/12/22

The majority of the cancelled flights are on routes where Finnair operates multiple daily flights, such as Stockholm, Oslo, Copenhagen, Paris and Rome, so many customers will be offered an…

Coronavirus

PANDEMIC

IKEA to cut sick pay for unvaccinated workers forced to self-isolate

The Nomad Today/dpa 1/11/22

For those who are vaccinated and still got exposed to the virus or test positive, the company will pay the full sick pay amount

Finland

ASYLUM

Migri cuts 700 beds in reception centers due to lack of asylum seekers

The Nomad Today 3/30/21

The immigration agency only received 96 new asylum applications between January and February.

Economy & Business

TELECOMMUNICATIONS

Finnish telecoms group Nokia to cut up to 10,000 jobs to save costs

The Nomad Today/dpa 3/16/21

The company said it expected to make savings of about 600 million euros.

World

EU SUMMIT

EU leaders agree to raise emission-cut targets from 40% to 55% by 2030

The Nomad Today/dpa 12/11/20

The climate goals turned out to be the most contentious issue in the face-to-face summit between the EU premiers. The increase from the present 40% target was proposed in September, and…

Finland

RECESSION

Finavia to cut 480 jobs after state granted 350 million euro aid

The Nomad Today 10/30/20

The company has launched a plan aiming to save 200 million euros, of which staff reductions are a part.

Finland

BUSINESS

Finnair cuts 700 jobs over drop in air traffic due to coronavirus

The Nomad Today 10/20/20

 The Finnish flag carrier currently employs approximately 6.500 people.

Finland

BUSINESS

Finnair to cut 1,000 jobs despite €700 million state aid

The Nomad Today 8/25/20

The announcement came exactly three months after the Finnish Parliament approved public aid to save the airline within its third supplementary budget for 2020.