How strikes over Finnish labour reforms hit companies [Reuters]
BOLIDEN AB UNSP/ADR (BDNNY)
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Source: Reuters
The series of strikes began in October to protest against the right-wing government's planned labour market reforms and proposed cuts to social welfare. Finland's government, which took office last year, argues that reforms are necessary to boost productivity and cut the country's fiscal deficit The Confederation of Finnish Industries (EK) has said the new strikes will cost Finland a preliminary 320 million euros ($350 million) in lost gross domestic product. The unions have said they are up for a "long fight" if needed and threatened to follow up with more strike action if the government does not back down. The central organisation of Finnish trade unions, SAK, said major industrial plants and distribution terminals would also be affected. Here is what companies are expecting: BOLIDEN (BOL.ST) , opens new tab The Swedish metals maker said the strike in Finland's ports and rail system would affect it negatively, although it will try to limit the impact on customers. I
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