UPDATE 1-Finland faces fresh wave of strikes next week [Reuters]
NOKIAN TYRES PLC UNSP/ADR (NKRKY)
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Source: Reuters
Finland faces fresh wave of strikes next week (Reuters) - Finland was set for a fresh round of strikes at some of its biggest companies from Monday after state mediators failed to negotiate a deal between industrial sector unions and employer organisations on wages and work conditions. The Industrial Union, which organises workers in the metals chemicals and wood products sectors, and two more unions have said that about 100,000 workers will begin a three-day strike on Monday, stalling production at companies including Nokian Tyres ( TYRES.HE ), stainless steel producer Outokumpu ( OUT1V.HE ) and Neste ( NESTE.HE ). Oil refiner and fuel distributor Neste said 2,400 of its employees would be involved in the strike which could have knock-on effects on healthcare, heating, emergency services and food distribution. The Confederation of Finnish Industries, Finland’s biggest employers’ association, estimates the strikes will cost the companies a combined 500 million euros ($551 million
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