Larox Oyj - Company Announcement

Larox concluded the employer-employee negotiations

LAROX CORPORATION         COMPANY ANNOUNCEMENT ON 19 NOVEMBER 2009 at 15.00 pm  


Larox concluded the employer-employee negotiations                              

Larox has concluded the statutory employer-employee negotiations that began on  
October 5, 2009. The negotiations with Larox Corporation's personnel in Finland 
were started in order to adjust the organization and cost structure to the      
weakened demand. As a result of the negotiations Larox will implement both      
lay-offs and personnel reductions.                                              

A local collective agreement has been concluded in order to implement the       
lay-offs and personnel reductions. Temporary lay-offs, with an average duration 
of three weeks, will affect approximately 75 persons. Lay-offs will be scheduled
during the first half of 2010, and arranged in such a way that there will be no 
harm to Larox's customer service.                                               

Larox's personnel reduction need is approximately 15 full-time equivalents (FTE)
and most of the reductions will be implemented through voluntary retirement     
arrangements. Part of the personnel reductions will be implemented as           
dismissals.                                                                     

Negotiations in Finland are part of a wider adjustment program that concerns the
entire Larox Group. "International recession has had a strong impact on Larox's 
business. Outlook for the future is still uncertain and there are not           
significant signs of recovery. As we have announced earlier, our adjustment     
measures aim at 6.5 million Euros cost savings. We estimate that 4.5 million    
Euros of this will be achieved in 2010, and the total savings target will be    
reached in 2011", says Mr. Topi Karppanen, CEO and President of Larox           
Corporation.                                                                    

Larox Corporation                                                               
Mr. Topi Karppanen                                                              
President & CEO                                                                 

for further information:                                                        
Topi Karppanen                                                                  
Phone. +358 (0) 20 7687210                                                      
Fax    +358 (0) 20 7687277                                                      
topi.karppanen@larox.com                                                        

www.larox.com                                                                   

Distribution NASDAQ OMX Helsinki Ltd., Central media                            

Larox develops, designs and manufactures industrial filters and is a leading    
technology company in its field. Larox is a full service solution provider in   
filtration for separating solids from liquids. It supplies comprehensive        
aftermarket services throughout the lifespan of the Larox solution. Companies   
world-wide in mining and metallurgy, chemical processing and related industries 
benefit from the Larox technologies. Larox operates in over 40 countries and    
has about 600 employees. Larox has production facilities in Finland and in      
China, and the Group is headquartered in Lappeenranta, Finland. Net sales in    
2008 totaled 208.0 million euros, of which more than 93 % were generated by     
exports and the company's foreign operations.