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Stock impact report

Finnish paperboard producer Metsa likely to temporarily shut mill due to strike [Reuters]

BOLIDEN AB UNSP/ADR (BDNNY) 
NASDAQ:AMEX Investor Relations: boliden.com/investor-relations
Company Research Source: Reuters
temporarily shut down one of its mills later this week due to a two-week political strike affecting Finland's harbours and railroad system. Industrial, logistics and electrical workers began a two-week strike on Monday, targeting exports, imports and cargo transportation. The strike is the latest in a series of trade union actions protesting labour market reforms and proposed cuts to the social welfare system by Finland's right-wing government. A Metsa spokesperson said its mill in Joutseno in southern Finland would need to be temporarily idled as a result of the strike due to raw-material shortages. The spokesperson did not have an estimate of how the strike would affect Metsa's other mills in Finland. "Of course the target is to keep the mills operational throughout the strike as much as possible, depending on the length of the strike," the spokesperson said. Production at the closed mill is expected to ramp up after the strike ends and employees will do maintenance work Show less Read more
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