PKC Group Oyj - Company Announcement

PKC STARTS CO-DETERMINATION NEGOTIATIONS IN WIRING HARNESS PRODUCTION IN KEMPELE

PKC Group Oyj   STOCK EXCHANGE RELEASE 19 MARCH 2009        1.00 p.m.           


PKC STARTS CO-DETERMINATION NEGOTIATIONS IN WIRING HARNESS PRODUCTION IN KEMPELE

PKC Group Oyj has today issued a proposal to start co-determination negotiations
concerning the wiring harness production in Kempele.                            

Co-determination negotiations for closing the wiring harness production in      
Kempele and its effects to the personnel are initiated in Kempele unit due to   
production and financial reasons. Negotiations concern PKC Group Oyj's Kempele  
plant organisation's personnel, and may lead to termination of employment       
relationship of a maximum of 226 persons. In order to serve other units and     
customers, also the possibility to rearrange work and/or reorganise operations  
is considered, which might decrease the amount of terminations.                 

Continuing wiring harness production in Finland can no longer be deemed feasible
due to weak profitability. The Group has five wiring harness factories in       
Europe, all of which are underutilised. By reducing the number of production    
units we would cut down fixed costs. The goal of the proposed arrangement is to 
gain annual cost savings of about EUR 6 million.                                



PKC GROUP OYJ                                                                   
Board of Directors                                                              

Harri Suutari                                                                   
President & CEO                                                                 


For additional information, contact:                                            
Harri Suutari, President & CEO, PKC Group Oyj, +358 400 384 937                 




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www.pkcgroup.com                                                                

The PKC Group offers design and contract manufacturing services for wiring      
harnesses, cabling and electronics. The Group has production facilities in      
Finland, Brazil, China, Mexico, Poland, Estonia and Russia, and employs about   
5,600 people. The Group's net sales in 2008 totalled EUR 311.7 million. PKC     
Group Oyj is listed on NASDAQ OMX Helsinki Ltd.