30,000 financial services staff strike
(14 December 2009 – Europe) Around 30,000 financial services staff are set to strike for three days in Finland, disrupting online, ATM and in-store services and closing almost all of the country’s banks.
The strike, to begin on Monday, has been confirmed by the trade unions, Suora, and the Federation of Professional and Managerial Staff; the financial services staff are striking over a pay dispute and comes after a proposal from a government arbitrator was declined.
Whilst the country should still have the function of electronic services, the federation is warning that some providers may need to shut down their information systems, inturn affecting online banking, electronic payments and POS transactions.
The federation has also confirmed that the vast majority of branches will be closed for the duration of the strike.
The union has said in a statement that the service functions may vary in individual banks and finance houses, and delays may occur in fixing failures. Each service provider should inform its own customers of any changes in its services.
Exchange company, Nasdaq OMX Helsinki, has said that it aims to stay open for business and has taken steps to ensure that exchange trading and market surveillance operations can function properly. It warns though that market disturbances are possible.
Whilst the country should still have the function of electronic services, the federation is warning that some providers may need to shut down their information systems, inturn affecting online banking, electronic payments and POS transactions.
The federation has also confirmed that the vast majority of branches will be closed for the duration of the strike.
The union has said in a statement that the service functions may vary in individual banks and finance houses, and delays may occur in fixing failures. Each service provider should inform its own customers of any changes in its services.
Exchange company, Nasdaq OMX Helsinki, has said that it aims to stay open for business and has taken steps to ensure that exchange trading and market surveillance operations can function properly. It warns though that market disturbances are possible.
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