How Finnish strikes over labour reforms are affecting companies

May 7 (Reuters) – The SAK trade union association said in early April that Finnish labour unions would suspend a four-week strike which began on March 11.

The strikes have disrupted Finland’s ports and rail system, impacting imports and exports.

They were launched to protest against government plans to reform the labour market and reduce social welfare, changes that the government says are necessary.

Here is how some companies have been affected:

BOLIDEN (BOL.ST), opens new tab

The Swedish metals maker on April 23 said that the now-suspended strikes had hurt its earnings by 400 million Swedish crowns ($36.51 million) in the first quarter, and estimates a one-off positive effect of 200 million crowns in the second quarter as inventory will be released.

FINNAIR (FIA1S.HE), opens new tab

Strikes forced Finland’s national carrier to cancel about 550 flights and reorganise refuelling operations as fuel deliveries were suspended for two weeks, hitting its revenue and earnings, Finnair said.

Source: REUTER