Tulikivi Oyj - Company Announcement

Codetermination negotiations concerning fixed-term layoffs for Tulikivi´s soapstone production personnel concluded

TULIKIVI CORPORATION      STOCK EXCHANGE RELEASE, 11 October 2012 at 13.45





Codetermination negotiations concerning fixed-term layoffs for Tulikivi
Corporation's soapstone production personnel ended on 11 October 2012 

The codetermination negotiations concerning fixed-term layoffs for personnel in
Tulikivi Corporation's soapstone production, quarrying and related support
functions were concluded today. 

The layoff requirement varies from one production plant to another according to
the level of demand for products. 

Layoffs will take place at Juuka and Suomussalmi in the form of fixed-term
layoffs of no more than 90 days. The layoffs will affect a maximum of 245
people. 

The layoffs are expected to take place between the current autumn and summer
2013. 

According to Tulikivi's Managing Director, Heikki Vauhkonen, no significant
growth is forecast in the demand for soapstone fireplaces during the coming
winter. The need for layoffs varies considerably from one production plant to
another. The codetermination negotiations did not concern Tulikivi's ceramic
fireplaces, interior stone products or the sauna business. 



TULIKIVI CORPORATION



Heikki Vauhkonen

Managing Director



Distribution: NASDAQ OMX Helsinki

Key media

www.tulikivi.com



Additional information: Tulikivi Corporation, 83900 Juuka, www.tulikivi.com

  -- Matti Virtaala, Chairman of the Board, tel. +358 (0)207 636 666
  -- Heikki Vauhkonen, Managing Director, tel. +358 (0)207 636 555