Finnair Oyj - Company Announcement

Finnair's statutory employer-employee negotiations did not reach an agreement on savings

FINNAIR OYJ   STOCK EXCHANGE RELEASE   16.9.2008   

Finnair's statutory employer-employee negotiations under the Act on
Co-Determination within Undertakings, which continued today, did not reach an
agreement on the cutting of personnel costs. All of the personnel organisations
did not accept the employer's proposals on cost-cutting measures, by which 400
job cuts would have been avoided. 
“It's a real pity that we will have to cut costs by reducing jobs. For all
parties it would have been better to find savings by other means” says
Finnair's Senior Vice President, Human Resources Anssi Komulainen. 

In the negotiations, the personnel organisations were presented at the
beginning of September with three options aimed at achieving a cost-cutting
target of 25 million euros. The employer-employee negotiations over other
possible cost cutting measures continue during this week. 

Further information:  Finnair's Senior Vice President, Human Resources Anssi
Komulainen, t. +358 9 818 4300. 

Finnair Plc
Communications
16 September 2008