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2009-10-06 11:00:00 CEST 2009-10-06 11:00:01 CEST REGULATED INFORMATION Raute - Company AnnouncementRAUTE GETS PREPARED FOR CONTINUED WORK UNDERLOADING AND INITIATES NEGOTIATIONS IN COMPLIANCE WITH THE ACT ON CO-OPERATION AT THE NASTOLA PLANTRAUTE CORPORATION STOCK EXCHANGE RELEASE 6 OCTOBER 2009 at 12:00 p.m. RAUTE GETS PREPARED FOR CONTINUED WORK UNDERLOADING AND INITIATES NEGOTIATIONS IN COMPLIANCE WITH THE ACT ON CO-OPERATION AT THE NASTOLA PLANT Raute Corporation continues adapting its operations to the weak continuing market situation and initiates negotiations in compliance with the Act on Co-operation concerning the hourly workers in the production of the Nastola plant. During the 6 weeks continuing negotiations with the representatives of the hourly workers, a solution is sought for additional adjustment measures for the temporary lay-offs agreed on in December 2008 and in May 2009. The company strives primarily to adapt the operations through temporary lay-offs of different duration and working hour arrangements. The additional adaptation measures subject to the negotiations concern at most 135 hourly workers. The previously taken adaptation measures concerning the other personnel are adequate for the time being. The interruption of the production activity at Raute's Jyväskylä plant continues further and all hourly workers in the production of the Jyväskylä plant are laid off for the time being. Raute Group's total headcount at the end of September was 530, of which 406 persons work in Finland. RAUTE CORPORATION Tapani Kiiski President and CEO FURTHER INFORMATION: Tapani Kiiski, President and CEO, mobile +358 400 814 148 Petri Strengell, Vice President, Technology and Operations, mobile +358 40 758 6580 DISTRIBUTION: NASDAQ OMX Helsinki Ltd, main media, www.raute.com RAUTE IN BRIEF: Raute is a technology company serving the wood products industry worldwide. Its most important customers are the plywood and LVL industries. The company is one of the world's leading suppliers of mill-scale projects to these customer industries. The total service concept also includes technology services, with which Raute supports its customers throughout the entire life cycle of their investments. Raute's head office and main production plant are in Nastola, Finland. Its other production plants are in the Vancouver area of Canada, in the Shanghai area of China, and in Jyväskylä and Kajaani, Finland. Net sales in 2008 were EUR 98.5 million and the number of personnel 573. More information on the company can be found at www.raute.com. |
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