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2007-11-02 12:58:01 CET 2007-11-02 12:58:01 CET REGULATED INFORMATION Neomarkka - Company AnnouncementNEOMARKKA´S SUBSIDIARY REKA CABLES LTD TO START CO-OPERATION NEGOTIATIONSNeomarkka Plc STOCK EXCHANGE RELEASE NOVEMBER 2, 2007 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 November 5th, 2007. The negotiations will be started due to the fluctuation of the demand in underground cables. The factory in Keuruu is not part of the negotiations. Reka Cables Ltd has had a year of strong growth both in Finland and in export markets. The usage of the production capacity has been good. The demand of the underground cables is however sensitive to periodic fluctuation. Due to the lower demand during the winter time Reka Cables Ltd will start the co-operation negotiations concerning factories in Hyvinkää and in Riihimäki. The negotiations will concern around 100 employees. More detailed need for lay-offs, length of lay-offs and possible dismissals will be specified during the negotiations. The possible lay-offs are aimed to keep short and will be hold mainly during the winter time. The co-operation negotiations will start on November 5th, 2007 and possible adjustments will start earliest on November 26th, 2007. 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 OMX Nordic Exchange, Helsinki Main media www.neomarkka.fi |
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