Honkarakenne Oyj - Company Announcement

HONKARAKENNE OYJ TO LAUNCH NEGOTIATIONS UNDER THE ACT ON CO-OPERATION WITHIN UNDERTAKINGS

HONKARAKENNE OYJ Stock Exchange Release 1 November 2013 at 2:30 PM

HONKARAKENNE OYJ TO LAUNCH NEGOTIATIONS UNDER THE ACT ON CO-OPERATION WITHIN
UNDERTAKINGS 

Honkarakenne Oyj is launching co-operation negotiations concerning clerical and
managerial employees to gain efficiencies. Co-operation negotiations concerning
workers are aimed to gain flexibility for low-volume periods in production. 

According to the company's current estimates, the higher efficiency of
operations concerning clerical and managerial employees will lead at most to
the reduction of 30 employees, temporary layoffs for a maximum of 90 days,
part-time employment, outsourcing and the relocation of posts. 

Concerning workers the company's current estimate is that co-operation
negotiations will lead to temporary layoffs for a maximum of 90 days by the end
of September 2014. 

HONKARAKENNE OYJ

Mikko Kilpeläinen

President and CEO



Further information:

Mikko Kilpeläinen, President and CEO, tel. +358 50 542 5884,
mikko.kilpelainen@honka.com 





DISTRIBUTION

NASDAQ OMX Helsinki Oy

Key media

Financial Supervisory Authority

www.honka.com