Helsinki, Finland, 2012-09-04 13:30 CEST (GLOBE NEWSWIRE) -- HONKARAKENNE OYJ Stock Exchange Release 4 September 2012, 14:30
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 April 2013. The lay-off plans concern all personnel groups, except for the persons laid-off until further notice, whose lay-offs will continue for the present.
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 the end of September.
HONKARAKENNE OYJ
Mikko Kilpeläinen
President and CEO
Additional information:
President and CEO Mikko Kilpeläinen, tel. +358 (0)50 542 884, mikko.kilpelainen@honka.com or CFO, Mikko Jaskari, tel. +358 (0)400 535 337, mikko.jaskari@honka.com
DISTRIBUTION
NASDAQ OMX Helsinki Oy
Key media
Financial Supervisory Authority