Deal reached in labor dispute at Finnish paper mills

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Helsinki, Finland—The lockout of paper industry workers in Finland appears set to end after the Finnish Forest Industries Federation and the Finnish Paperworkers’ Union announced Wednesday that they have reached a tentative agreement on a new contract.

The agreement is subject to approval by the Executive Committee of FFIF and the National Council of the Paperworkers’ Union.

The lockout, which began May 18, had resulted in the beginning of a paper shortage in Europe and led to fears that a shortage would soon spread across the Atlantic. The labor dispute’s resolution does not appear to affect a 5% to 8% price hike on coated groundwood that is set to go into effect Friday.

—Sean Callahan

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