Hartmann proposes closure of manufacturing facility in Varkaus, Finland, to strengthen efficiency and profitability


With a view to ensuring sustainable and profitable long-term growth in the
European business, Hartmann proposes to close its manufacturing facility in
Varkaus, Finland. The strategic initiative aims at increasing overall
competitiveness and optimising the European production network through reduction
of complexity and efficiency improvements. Negotiations with employee
representatives are scheduled to commence on 14 January 2013.

In line with the 'Competitive edge - driving growth' strategy, Hartmann has
taken a number of steps to strengthen competitiveness and enhance its customer
focus. These efforts have increased overall production efficiency, and the
proposed closure of Hartmann's manufacturing facility in Varkaus is not expected
to affect European sales volumes.

Hartmann initiates the process of engaging with employee representatives to
negotiate the outcome of the proposal and explore alternatives. This is in
accordance with prevailing Finnish legal requirements known as YT negotiations,
which will go on for a minimum of six weeks. The procedure will concern 45 jobs
in Finland.

Hartmann will communicate the outcome of the negotiations in due course.

For additional information, please contact:
Michael Rohde Pedersen
CEO
Tel. (+45) 45 97 00 33


[HUG#1668103]

Attachments

Announcement in pdf.pdf