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

HONKARAKENNE OYJ Stock Exchange Release 21 January 2015, 2:30 p.m.

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

WITHIN UNDERTAKINGS

Honkarakenne Oyj initiates co-operation negotiations concerning all its blue collar 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 December 2015. The lay-off plans concern the blue collar workers. Similar negotiation has already taken place concerning the clerical workers.

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 in the middle of February

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