HONKARAKENNE OYJ TO INITIATE NEGOTIATIONS UNDER THE ACT ON CO-OPERATION WITHIN UNDERTAKINGS

HONKARAKENNE OYJ    Stock Exchange Release     11 November 2010 15:00           

HONKARAKENNE OYJ TO INITIATE NEGOTIATIONS UNDER THE ACT ON CO-OPERATION         
WITHIN UNDERTAKINGS                                                             

Honkarakenne Oyj initiates co-operation negotiations concerning all its         
personnel in Finland.                                                           

According to a preliminary estimation by the company, the co-operation          
negotiations may result in temporary lay-offs lasting 90 days at most by the end
of 2011. The lay-off plans concern all personnel groups.                        

The co-operation negotiations which are initiated now continue the company's    
rationalisation measures, with the aim to secure the company's competitiveness  
despite seasonal variation and the development of sales.                        

It is estimated that the co-operation negotiations will be concluded by early   
December.                                                                       

HONKARAKENNE OYJ                                                                

Esa Rautalinko                                                                  
President and CEO   
                                                            

Additional information: 
President and CEO, Esa Rautalinko,                       
tel. +358 (0)400 740 997, esa.rautalinko@honka.com. 



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NASDAQ OMX Helsinki Oy                                                          
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Financial Supervisory Authority                                                 
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