Hopes for a social contract hanging by a thread after AKT walks out of talks
The Finnish Transport Workers' Union (AKT) announced unexpectedly on Thursday that it will abandon the ongoing negotiations for a social contract, dealing a severe – if not fatal – blow to hopes of reaching the ever-important agreement on the terms and conditions of employment in several industries. Jyri Häkämies, the director general at the Confederation of Finnish Industries (EK), estimated that an agreement cannot be found without AKT – for obvious reasons.
The social contract is an attempt to restore industrial peace in Finland, and AKT has repeatedly demonstrated its willingness to resort to industrial action and bring the national economy to its knees by disrupting foreign trade.
The negotiations are currently on the verge of collapsing already for the third time.