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Stock impact report

Finland braces for fresh wave of strikes next week [Reuters]

NOKIAN TYRES PLC UNSP/ADR (NKRKY) 
NASDAQ:AMEX Investor Relations: nokiantyres.com/company/investors
Company Research Source: Reuters
Finland braces for 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 organizations on wages and work conditions. The Industrial Union, which organizes 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 ), oil refiner Neste ( NESTE.HE ) and stainless steel producer Outokumpu ( OUT1V.HE ). The Confederation of Finnish Industries, Finland’s biggest employers’ association, estimates the strikes will cost the companies a combined 500 million euros ($551 million) in lost revenue and hit the wider economy to the tune of 200 million euros. “Mediators have today met with the parties in the ongoing labor disputes, but there are still no ground Show less Read more
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