Meanwhile, dock workers started a strike on Thursday, March 4th, at 6 a.m. after labour talks between unions and employers broke down during the night. Dock workers have stopped handling cargo at all Finnish ports, which is expected to halt Finland's exports and imports.
We anticipate that the stevedores strike will not have a major impact on our production or customer deliveries, but a certain degree of disruption is possible and highly regrettable. The extent of the consequences will depend on the length of the strike.
Metsä Tissue has forearmed itself carefully for the eventuality of a strike. Since November, the company has been shipping export goods to warehouses outside Finland and an extra reserve of raw materials is in storage at the company's Finnish mill to improve our capabilities to continue production. Potential back-up production capacity has been identified and can be activated.
Metsä Tissue will continue to monitor the situation closely. We kindly request our customers to direct their enquiries to their own sales contacts.