European Restructuring Monitor (ERM)
Eurofound's ERM database on restructuring-related legal regulations provides information on regulations in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change.
Ch. 7, Sec. 12 and 12a.
Unless otherwise agreed by the employer and the employee, the employee is entitled during the period of notice to take fully paid leave in order to draw up an employment plan with the employment services, to participate in training, or to look for work or attend job interviews. The length of the leave depends on the length of the period of notice:
From 1 January 2023, an employee who has turned 55 and has had an employment for a minimum of five consecutive years at the time of notice is entitled to paid leave for:
The employee must notify the employer as early as possible of any plans of and reasons for taking time off. The leave must not cause substantial inconvenience to the employer, and, upon request, the employee is obliged to present an account for each leave.
The right to leave for job search does not apply in cases where the employer goes bankrupt. This can cause significant trouble for employees in cases of unexpected bankruptcies.
Eurofound (2015), Finland: Time off for job search, Restructuring legislation database, Dublin, https://apps.eurofound.europa.eu/legislationdb/time-off-for-job-search/finland
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Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal ...
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This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers ...
