Nokian Tyres temporarily lays off 350 employees due to strike in Finland [Reuters]
NOKIAN TYRES PLC UNSP/ADR (NKRKY)
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Source: Reuters
off 350 employees at its car tire factory in Nokia for 90 days due to political strikes in the Nordic country. Finland's industrial, logistics and electrical workers said on Wednesday they would extend an ongoing two-week strikes by one week in protest against planned government labour reforms and welfare cuts. Nokian Tyres said in a statement inventories were filling up as the strikes, which affect ports and transportation, have meant it cannot deliver to customers. It will lay off the employees from March 26 to April 9. "Nokian Tyres will adapt production at the Nokia passenger car tire factory in Finland for at least two weeks," the company said. "Production of heavy tires will continue in Nokia as normal." Stay up to date with the latest news, trends and innovations that are driving the global automotive industry with the Reuters Auto File newsletter. Sign up here. Reporting by Louise Breusch Rasmussen, editing by Anna Ringstrom Our Standards: The Thomson Reuters Tru
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