Finnish strike suspension offers relief to affected companies' stocks

Metsa Board Oyj

04/04/2024 11:47

** Shares in companies affected by strikes in Finland rise
after the Finnish trade union association SAK said that the
country's labour unions would next week suspend the four-week
strike
    ** Shares in UPM Kymmene  UPM.HE , Metsa Board  METSB.HE ,
Nokian Tyres  TYRES.HE , Outokumpu  OUT1V.HE , SSAB  SSABa.ST 
Stora Enso  STERV.HE  and Boliden  BOL.ST  are up 1.4%-4% in
Helsinki and Stockholm at 1032 GMT
    ** The strike has paralysed imports and exports and
triggered widespread factory shutdowns, with some affected
companies already flagging negative impact on first quarter
earnings 
    ** SAK said in a statement it hoped the suspension of the
strike would lead to negotiations with the government

 (Reporting by Greta Rosen Fondahn)
 ((Greta.RosenFondahn@thomsonreuters.com))