Summa Defence Oy - For Security of Supply

Even if there are unpaid TyEL contributions and a payment plan is in place for them, the fact that they have fallen due still signals the group’s weak solvency. Overdue payments, whether under a plan or not, must be managed at the same time as new TyEL contributions accrue as wages are paid to employees. This is how the snowball effect begins and can escalate to the point where the bailiff is brought in, especially when there are debts elsewhere; in this collection game, the fastest ones have the best chance of getting at least something back. Perhaps Summa’s situation is not yet at that point, but if the direction does not change, that is inevitably where it is headed.

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