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2009-01-29 18:00:00 CET 2009-01-29 18:00:00 CET REGULATED INFORMATION Neomarkka - Company AnnouncementNEOMARKKA´S SUBSIDIARY REKA CABLES LTD TO START CO-OPERATION NEGOTIATIONSNeomarkka Plc STOCK EXCHANGE RELEASE JANUARY 29, 2009 at 7 PM NEOMARKKA´S SUBSIDIARY REKA CABLES LTD TO START CO-OPERATION NEGOTIATIONS Neomarkka Plc´s subsidiary Reka Cables Ltd will start the co-operation negotiations concerning factories in Hyvinkää and in Riihimäki on February 2nd, 2009. The officials and the factory in Keuruu are not part of the negotiations. The financial situation has diminished the visibility of the market situation development. Reka Cables Ltd is taking precautions to adjust its activities according to the changes in the market situation. The negotiations will concern around 130 employees. More detailed need for lay-offs, length of lay-offs and possible dismissals will be specified during the negotiations when also more information about the market situation development can be achieved. The co-operation negotiations will start on February 2nd, 2009 on week 6/2009 and are estimated to end during week 12/2009. Neomarkka Plc Sari Tulander CFO FURTHER INFORMATION: Managing Director Markku E. Rentto tel. +358 207 209 191 Managing Director Jorma Leskinen, Reka Cables Ltd, tel. +358 209 200 311 DISTRIBUTION NASDAQ OMX Helsinki Main media www.neomarkka.fi |
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