Finland's Air Traffic to Halt on Widespread Political Strikes [BNN Bloomberg (Canada)]
NESTE OYJ UNSP/ADR (NTOIY)
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Source: BNN Bloomberg
Finnair Oyj expects flight cancellations after unions in the Nordic country announced political action against the government's plans for labor market reforms. The carrier said on Friday that it has about 60,000 customers whose travel plans may be affected by the strike, and offered people the option to alter bookings. The protest will affect industries from transport to construction, closing or hampering services at banks, supermarkets, hotels and child care. It will also cause Neste Oyj's oil and renewable fuels refinery to be ramped down. Prime Minister Petteri Orpo's pro-business government has sought to increase flexibility in agreements on terms of employment as well as cuts to unemployment benefits, seeking to create 100,000 jobs and fix deteriorating public finances. The unions argue that the reforms drastically weaken social security and basic employee rights, demanding the government dials back the plans. A demonstration against the government will also be organized i
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