HONKARAKENNE OYJ Stock Exchange Release 19 April 2010, 16:00
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 to secure the successful implementation of the ongoing
programme to boost earnings, which aims at a positive financial performance for
the Group in 2010.
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 2010. The lay-off plans concern all personnel groups.
On 15 March 2010, the company concluded co-operation negotiations which resulted
in 33 notices of termination, of which 12 were pension schemes. Additionally, 45
persons were laid off for an indefinite period. The co-operation negotiations
which are initiated now continue the company's rationalisation measures, with
the 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 mid-May.
HONKARAKENNE OYJ
Esa Rautalinko
President and CEO
Additional information: President and CEO Esa Rautalinko,
tel. +358 (0)400 740 997, esa.rautalinko@honka.com.
DISTRIBUTION
NASDAQ OMX Helsinki Oy
Key media
Financial Supervisory Authority
www.honka.com
HONKARAKENNE OYJ TO INITIATE NEGOTIATIONS UNDER THE ACT ON CO-OPERATION WITHIN
| Quelle: Honkarakenne Oyj