|
|||
2010-02-16 09:30:00 CET 2010-02-16 09:30:02 CET REGULATED INFORMATION Raute - Company AnnouncementRAUTE PLANS TO CONCENTRATE PRODUCTION ACTIVITIES TO THE NASTOLA PLANTRAUTE CORPORATION STOCK EXCHANGE RELEASE 16 February 2010 at 10:30 a.m. RAUTE PLANS TO CONCENTRATE PRODUCTION ACTIVITIES TO THE NASTOLA PLANT Raute Corporation continues boosting its operations in order to improve the profitability due to the continued difficult market situation and plans to transfer the production activities of the Jyväskylä plant to the company's plant in Nastola. Raute will initiate six weeks continuing negotiations in compliance with the Act on Co-operation with the workers of the Jyväskylä production unit. The negotiations concern 14 persons. During the negotiations it will be cleared up if the persons subject to the potential adaptation measures have re-employment possibilities in other Raute's units and other means to support their re-employment. Raute's Jyväskylä unit employs approximately 30 persons. The previously concluded adaptation measures concerning the other personnel of the unit are adequate for the time being, and the planning operations continue as before at the Jyväskylä unit. RAUTE CORPORATION Tapani Kiiski President and CEO FURTHER INFORMATION: Mr. Tapani Kiiski, President and CEO, Raute Corporation, tel. +358 3 829 3560, mobile +358 400 814 148 RAUTE IN BRIEF: Raute is a technology company serving the wood products industry worldwide. Its most important customers are the plywood and LVL industries. Raute 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 is located 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. Raute's net sales declined significantly due to the difficult market situation in 2009 and equaled EUR 36.6 million. The number of personnel at the end of 2009 was 524. More information on the company can be found at: www.raute.com. DISTRIBUTION: NASDAQ OMX Helsinki Ltd, main media, www.raute.com |
|||
|