Rautaruukki Corporation Stock exchange release 25 January 2010 at 9am Ruukki is to further improve the efficiency of construction operations at Vimpeli, Alajärvi and Peräseinäjoki in Finland and to transfer the manufacture of components for the engineering industry from Peräseinäjoki to other units. The employer-employee negotiations initiated in December last year have now ended at these sites. The negotiations resulted in the loss of 52 jobs, with 22 of the persons affected being subject to various pension arrangements. In addition, new jobs were found elsewhere in Ruukki for 19 persons. When the negotiations were initiated, it was estimated a workforce reduction of a maximum of 100 people was required. Ruukki will assist in the re-employment of persons facing redundancy by, for example, local training programmes carried out in association with the Finnish employment services. In addition, data about persons facing redundancy will be collected centrally to ensure any vacancies arising are primarily offered to redundant employees. Due to weak market conditions, it may also be necessary to implement temporary layoffs not only at the above production sites, but also in the construction business development organisation and in building construction sales. The extent and duration of lay-offs will vary according to site. Ruukki has a total of around 6,200 employees in Finland. > See stock exchange release dated 3 December 2009 <http://www.ruukki.com/www/news.nsf/PEBY/94719C5E9A2CCE2FC225768100376CCF?opendo cument> For further information, please contact: Saku Sipola, President, Ruukki Construction, tel. +358 20 592 8979 Tommi Matomäki, President, Ruukki Engineering, tel. +358 20 592 8809 Rautaruukki Corporation Anne Pirilä SVP, Corporate Communications and Investor Relations Rautaruukki supplies metal-based components, systems and integrated systems to the construction and engineering industries. The company has a wide selection of metal products and services. Rautaruukki has operations in 27 countries and employs 12,200 people. Net sales in 2008 totalled EUR 3.9 billion. The company's share is quoted on NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). The Corporation uses the marketing name Ruukki. DISTRIBUTION: NASDAQ OMX Helsinki Main media www.ruukki.com [HUG#1376559]
Ruukki to further improve efficiency and adjust construction and engineering operations in Finland
| Source: Rautaruukki