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2009-05-26 08:45:00 CEST 2009-05-26 08:45:17 CEST REGULATED INFORMATION Raute - Company AnnouncementRAUTE CORPORATION STOCK EXCHANGE RELEASE 26 MAY 2009 at 9.45 a.m.RAUTE CORPORATION STOCK EXCHANGE RELEASE 26 MAY 2009 at 9.45 a.m. RAUTE GETS PREPARED FOR THE NASTOLA PLANT UNDERLOADING WITH ADDITIONAL 90 DAYS' TEMPORARY LAY-OFFS Raute Corporation continues to prepare for the weak remaining market situation. The negotiations in compliance with the Act on Co-operation concerning the hourly workers of the Nastola plant have been concluded on 26 May 2009. The negotiation result follows the temporary lay-offs of at most 90 days concluded in December 2008 and enables additional adaptation measures of a maximum of 90 days. The additional adaptation measures, which will cover at most 140 hourly workers, will be implemented when needed gradually according to the workload. The previously concluded adaptation measures concerning the other personnel are adequate for the time being. 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 DISTRIBUTION: NASDAQ OMX Helsinki Ltd, main media, www.raute.com RAUTE IN BRIEF: Raute is a technology company serving the wood products industry worldwide. Its most important customers are the plywood and LVL industries. The company 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 and main production plant are 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. Net sales in 2008 were EUR 98.5 million and the number of personnel 573. More information on the company can be found at www.raute.com. |
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