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Boliden flags €10M impact on profit from Finland strikes

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Boliden flags €10M impact on profit from Finland strikes

Boliden AB said Dec. 9 that it forecasts an approximately €10 million impact on its annual operating profit, resulting from nationwide strikes in Finland.

The Swedish mining and smelting company said the strikes launched by the Finnish Industrial Union, which will last until Dec. 12, disrupts operations at the Harjavalta copper-nickel smelter, the Kokkola zinc smelter and the Kevitsa nickel-copper mine.

The nationwide strikes were launched as state mediators failed to broker a deal between the union and employer organizations over the issues of wages and work conditions, according to Reuters.