Finnish Port Workers to End Export-Crippling Strike
After a two-week strike that shut down Finnish ports, Finnish workers have agreed to end their strike. The strike shut down 90% of Finland's foreign trade and is estimated to have cost them $149 million a day in lost sales. The workers are represented by the Transport Workers' Union, which said in a statement that the deal that was offered was 'acceptable'. The strike was around job security for workers, and under the new agreement measures will be agreed upon on a local level. The deal also contains slight pay raises over the next year. Trade is expected to resume on March 23rd.
See "Finnish Port Workers to End Export-Crippling Strike", Kati Pohjanpalo and Chad Thomas, Business Week, March 18, 2010