Neomarkka Plc STOCK EXCHANGE RELEASE MARCH 18, 2009 at 9 AM
NEOMARKKA´S SUBSIDIARY REKA CABLES LTD TO START CO-OPERATION NEGOTIATIONS
CONCERNING OFFICIALS
Neomarkka Plc´s subsidiary Reka Cables Ltd will start the co-operation
negotiations concerning officials on March 26, 2009.
Reka Cables Ltd is adjusting its activities according to the changes in the
market situation. Adjusting measures to take are needed also with officials.
The negotiations concern all officials of Reka Cables Ltd in Hyvinkää, Riihimäki
and Keuruu. At the end of February Reka Cables Ltd employed 64 officials.
The major means for adjustments are estimated to be lay-offs and dismissals. The
number of dismissals is estimated to be under 10 persons. More detailed need for
lay-offs, length and extension of lay-offs and possible dismissals will be
specified during the negotiations.
The co-operation negotiations will start on March 26, 2009 and are estimated to
end during week 19/2009.
Neomarkka Plc
Sari Tulander
CFO
FURTHER INFORMATION:
Managing Director Jorma Leskinen, Reka Cables Ltd,
tel. +358 209 200 311
DISTRIBUTION
NASDAQ OMX Helsinki
Main media
www.neomarkka.fi
NEOMARKKA´S SUBSIDIARY REKA CABLES LTD TO START CO-OPERATION NEGOTIATIONS CONCERNING OFFICIALS
| Source: Neo Industrial Oyj