TULIKIVI CORPORATION STOCK EXCHANGE RELEASE, 11 October 2012 at 13.45
Codetermination negotiations concerning fixed-term layoffs for Tulikivi Corporation’s soapstone production personnel ended on 11 October 2012
The codetermination negotiations concerning fixed-term layoffs for personnel in Tulikivi Corporation’s soapstone production, quarrying and related support functions were concluded today.
The layoff requirement varies from one production plant to another according to the level of demand for products.
Layoffs will take place at Juuka and Suomussalmi in the form of fixed-term layoffs of no more than 90 days. The layoffs will affect a maximum of 245 people.
The layoffs are expected to take place between the current autumn and summer 2013.
According to Tulikivi’s Managing Director, Heikki Vauhkonen, no significant growth is forecast in the demand for soapstone fireplaces during the coming winter. The need for layoffs varies considerably from one production plant to another. The codetermination negotiations did not concern Tulikivi’s ceramic fireplaces, interior stone products or the sauna business.
Distribution: NASDAQ OMX Helsinki
Additional information: Tulikivi Corporation, 83900 Juuka, www.tulikivi.com