Political Strikes Deter Companies from Investing in Finland: A Survey by Teknologiateollisuus ry

Nearly half of companies scaling back investments in Finland amid strikes – “Economy’s pillars shaken”

Teknologiateollisuus ry conducted a survey that found companies are reducing their investments in Finland due to ongoing political strikes. According to the survey, four out of ten companies are decreasing their investments in Finland because of the strikes, with large companies reacting particularly harshly. Twenty percent of large companies stated that they would invest significantly less in Finland, while 32 percent said they would invest slightly less.

Nearly a third of industrial companies reported that logistics strikes affected their production. Difficulties in obtaining production inputs and implementing exports were also mentioned. The survey indicated that 60 percent of customers were affected by the strikes, leading to concerns about reputational damage.

Only about one in ten industrial companies thought that labor disputes could result in layoffs. However, some member companies did not respond to the survey, impacting its representativeness. The government is enacting a law to limit the duration of political strikes to 24 hours, which could alleviate concerns for companies affected by the strikes.

At a press conference, industry representatives emphasized the wide-ranging effects of the strikes, with some companies considering moving production to other countries. Concerns about workplace atmosphere and foreign investment were also raised. Despite potential laws to limit strikes, the impact on companies’ investment decisions remains uncertain.

The ongoing political strikes have had a significant impact on investment decisions for many Finnish businesses. According to a recent survey conducted by Teknologiateollisuus ry, four out of ten companies are reducing their investments in Finland due to these strikes.

Large companies have been hit particularly hard by these disruptions, with 20 percent stating that they would invest significantly less and 32 percent saying they would invest slightly less.

Despite this uncertainty surrounding investment decisions, medium-sized companies reported that the effect of the strikes was minor.

Logistics and industrial production have also been affected by these disruptions.

Nearly one-third of industrial companies reported that logistics strikes had affected their production output, while difficulties in obtaining production inputs and implementing exports were also mentioned.

Over 60% of customers reported being affected by the strike’s impact on reputational damage.

Labor disputes could lead to layoffs for only about one in ten industrial firms based on industry surveys.

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