Ruukki Group Plc, Stock Exchange Release, 14 November 2008 at 1:00 p.m. Ruukki Group's Furniture Business segment has ended co-determination negotiations Ruukki Group's Furniture Business segment (Incap Furniture) started at the end of September co-determination negotiations related to all of its employees due to financial and production-related reasons. The co-determination negotiations related to all the Incap Furniture's employees and operations have now ended. As a result of the negotiations in total about 140 workers and about 15 specialised staff will be laid off as soon as possible, however by April 2009 at the latest. In addition, the production at the Varpaisjärvi factory will be stopped since the beginning of April 2009. Production at the Kärsämäki and Varpaisjärvi factories will be at a standstill between 22 December 2008 and 6 January 2009, during which time the personnel will be on holidays and if necessary laid off. At that time all necessary operations are run needed for security and deliveries. In addition, other operations will be adjusted accordingly. Incap Furniture actively seeks opportunities for new sales, but that is challenging due to the slowdown in global economic situation. RUUKKI GROUP PLC Alwyn Smit Chairman of the Board and CEO Ruukki Group specialises in industrial refining of certain natural resources. The Group has two focus areas: Wood Processing and Minerals. Ruukki Group Plc's shares are listed on Nasdaq OMX Helsinki in which the shares of the Company are traded in the mid cap segment, in the industrials sector. For additional information, please contact: Antti Kivimaa Deputy CEO, domestic wood processing businesses Ruukki Group Plc Tel. + 358 10 440 7015 www.ruukkigroup.fi Veli Torvinen Managing Director Incap Furniture Oy Tel. +358 40 551 0665 www.incapfurniture.fi This stock exchange release is based on a translation into English of a document written in Finnish. In case of any discrepancies, inconsistencies or inaccuracies, the Finnish version of the release shall prevail.
RUUKKI GROUP'S FURNITURE BUSINESS SEGMENT HAS ENDED CO-DETERMINATION NEGOTIATIONS
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