XM does not provide services to residents of the United States of America.

Finnish unions extend strikes over labour reforms by another week

<html xmlns="http://www.w3.org/1999/xhtml"><head><title>Finnish unions extend strikes over labour reforms by another week</title></head><body>

HELSINKI, March 27 (Reuters) -Finland's industrial, logistics and electrical workers have agreed to extend strikes in protest against planned labour market reforms to a fourth week, the head of trade union association SAK said on Wednesday.

The workers have been on strike since March 11, targeting exports, imports and cargo transportation.

"The strikes will continue from Monday morning onwards for a week," SAK President Jarkko Eloranta told Reuters. "We are trying to negotiate and compromise with the government but unfortunately there has been no response to these efforts."

Several of Finland's largest companies have said the strikes, which are disrupting ports and the rail system, are negatively affecting their operations.

Employers' organisation EK said in a statement that SAK had not presented credible alternatives to the planned reforms. It estimated that the strikes had a negative effect on GDP of nearly 300 million euros ($325 million).

($1 = 0.9233 euros)

Reporting by Essi Lehto, writing by Anna Ringstrom; editing by Jason Neely


Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.