The employee negotiations, which were started on October 15, 2002, have been concluded on February 3, 2003 at Jaakko Pöyry Oy, which belongs to the Jaakko Pöyry Group's Forest Industry business group. Because of new assignments booked in the order stock and the forest industry's improved investment activity, there is no need for temporary or permanent layoffs.
JAAKKO PÖYRY GROUP OYJ
Erkki Pehu-Lehtonen
President and CEO
Teuvo Salminen
Deputy to President and CEO