Lemminkäinen - Company Announcement

Lemminkäinen concludes personnel negotiations in Finland

LEMMINKÄINEN CORPORATION  STOCK EXCHANGE RELEASE  30 SEPTEMBER 2013 AT 9:00 A.M


LEMMINKÄINEN CONCLUDES PERSONNEL NEGOTIATIONS IN FINLAND

On 8 August 2013, Lemminkäinen announced the start of personnel negotiations
that covered the entire Lemminkäinen Group in Finland and other countries of
operation. Now, these negotiations have been concluded in Finland. 

As a result, Lemminkäinen will cut a maximum of 265 man-years from its Finnish
operations. The personnel reductions will be realised through termination of
employment contracts, temporary lay-offs, discontinuation of fixed-term
contracts or normal retirement, resignations and other potential voluntary
arrangements. The reductions will take place gradually by the end of April
2014. The exact reduction rates from each site will be fully clear only after
this. 

The measures decided in the personnel negotiations were a response to the
company's need to improve its efficiency and competitiveness. The negotiations
are part of Lemminkäinen's efficiency programme that aims to achieve cost
savings of EUR 30 million. In addition to personnel reductions, the company is
working to alleviate the impact of seasonal variation in the paving and
aggregate business on profitability and will reduce its network of sites. 

Corresponding negotiations on the reduction of personnel are carried out in
Lemminkäinen's other countries of operation. These negotiations are still
ongoing, and their progress will be communicated in conjunction with the
company's interim reports. 

In 2012, Lemminkäinen employed, on average, 8,200 people, and approximately 60
percent of these were working in Finland. 



LEMMINKÄINEN CORPORATION
Corporate Communications


ADDITIONAL INFORMATION:
Timo Kohtamäki, President & CEO
tel. +358 2071 53263
timo.kohtamaki@lemminkainen.com


DISTRIBUTION:
NASDAQ OMX Helsinki Oy
Key media
www.lemminkainen.com


Together with our customers we create conditions that make living, working and
travelling functional, safe and healthy. We operate in northern Europe and
employ about 8,200 experts. In 2012, our net sales were about EUR 2.3 billion.
Lemminkäinen Corporation's share is quoted on NASDAQ OMX Nordic Exchange
Helsinki. www.lemminkainen.com