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

HONKARAKENNE OYJ Stock Exchange Release 5 November 2015 at 02:30 p.m.

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

WITHIN UNDERTAKINGS

Honkarakenne Oyj initiates co-operation negotiations concerning its white 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 May 2016.

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 November.

HONKARAKENNE OYJ

Marko Saarelainen

President and CEO

FURTHER INFORMATION

Marko Saarelainen, President and CEO, tel. +81 90 3216 9085, 
marko.saarelainen@honka.com or

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

DISTRIBUTION

NASDAQ OMX Helsinki

Key media

Financial Supervisory Authority

www.honka.com