Helsinki, Finland, 2011-06-07 07:15 CEST (GLOBE NEWSWIRE) --
HONKARAKENNE OYJ Stock Exchange Release 7 June 2011, 08:15
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 March 2012. 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 the end of June.
HONKARAKENNE OYJ
Esa Rautalinko
President and CEO
Additional information:
President and CEO Esa Rautalinko, tel. +358 (0)400 740 997, esa.rautalinko@honka.com or
CFO, Mikko Jaskari, tel. +358 (0)400 535 337, mikko.jaskari@honka.com
DISTRIBUTION
NASDAQ OMX Helsinki Oy
Key media
Financial Supervisory Authority
