Strikes in SSAB’s production in Finland impact earnings
The strikes in Finland organized by a number of trade unions in conjunction with negotiations about new collective bargaining agreements are estimated to weaken SSAB Europe’s fourth quarter earnings by around SEK 250 million.The strikes organized in Raahe and Hämeenlinna by The Industrial Union, Trade Union Pro and the Federation of Professional and Managerial Staff YTN started on December 9 and ended on December 11, 2019. The Finnish Electrical Workers’ Union strikes in Raahe and Hämeenlinna continue and there is a risk of further industrial action. In addition to this, there have been