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Finnish Strike Over (March 19, 2010)
Finnish longshoremen and port employers agreed to a new contract ending a two-week nationwide dock strike that crippled the country’s foreign trade. The two sides reached agreement over the key issue of severance pay for laid-off dockworkers and the use of sub-contract labor at cargo terminals. The two-week stoppage is estimated to have cost around $2.25 billion in lost production and exports, according to the Confederation of Finnish Industry. The dockworkers will report back to work by Tuesday, March 23.
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