Tulikivi Oyj - Company Announcement

Codetermination negotiations concluded at Tulikivi Corporation

TULIKIVI CORPORATION                        STOCK EXCHANGE RELEASE
                                                                  6 November
2013, at  5.05 p.m. 



Codetermination negotiations concluded at Tulikivi Corporation



The codetermination negotiations regarding Tulikivi's plans to reduce its
workforce, introduce layoffs and reorganise the company's functions were
concluded today, the 6th November 2013. The negotiations concerned the
company's entire personnel. 



Employer's account of the measures to be implemented on the basis of the
codetermination negotiations 



76 employees will be made redundant and 10 employees will be laid off until
further notice in connection with the centralisation of fireplace production at
Juuka, the closure of ceramic tile manufacturing at Heinävesi, and the
reorganisation of operations. During the upcoming year, the company may also
introduce temporary layoffs, lasting a maximum of 90 days, concerning the
entire personnel. The measures are being carried out in connection with
economic and production-related reasons and the reorganisation of the company's
operations. The redundancies will be implemented in stages, with most being
carried out by the end of 2013. 



The above-mentioned personnel reductions and reorganisation of functions are
part of the Tulikivi Corporation's performance improvement programme. The
measures are expected to result in non-recurring expenses of approximately EUR
2.5 million in the final quarter of 2013. 

TULIKIVI CORPORATION

Heikki Vauhkonen
Managing Director

Distribution: NASDAQ OMX Helsinki
Key media
www.tulikivi.com

Additional information: Tulikivi Corporation, 83900 Juuka, www.tulikivi.com
- Heikki Vauhkonen, Managing Director, tel. +359 (0)207 636 555