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

HONKARAKENNE OYJ Stock Exchange Release 08 August 2014, 8:45 a.m.

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 February 2015. The lay-off plans concern all personnel groups.

The co-operation negotiations 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 August.

HONKARAKENNE OYJ

Mikko Kilpeläinen

President and CEO

FURTHER INFORMATION 

Mikko Kilpeläinen, President and CEO, tel. +358 50 542 5884, mikko.kilpelainen@honka.com

Mikko Jaskari, CFO, tel. +358 400 535 337, mikko.jaskari@honka.com 

DISTRIBUTION

NASDAQ OMX Helsinki

Key media

Financial Supervisory Authority

www.honka.com