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