Finnish Technology Deal Struck, Averting Nokia Strike, YLE Says

Finland’s technology industry supervisors and managerial staff will end a one-week strike after accepting a wage deal, YLE reported.

About 10,000 salaried workers will end the strike that was due to expand to 25,000 workers tomorrow, state-owned broadcaster YLE said on its website today.

The Federation of Professional and Managerial Staff, or YTN, and the employer organization the Federation of Finnish Technology Industries approved the proposal by State Mediator Esa Lonka, YLE said.

Companies affected by the strike included ABB Ltd. (ABBN), Boliden AB (BOL), Kone Oyj (KNEBV), Konecranes Oyj (KCR1V), Metso Oyj (MEO1V), Outotec Oyj (OTE1V), Rautaruukki Oyj (RTRKS), Sandvik AB (SAND) and Waertsilae Oyj.

The deal means the strike won’t expand to include Finnish staff at Nokia Oyj (NOK1V), Nokia Siemens Networks and Siemens AG. (SIE) Metal industry workers struck a wage deal on Oct. 25 after a four-day strike.

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To contact the editor responsible for this story: Kati Pohjanpalo at kpohjanpalo@bloomberg.net

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