Lassila & Tikanoja - Company Announcement

LASSILA & TIKANOJA CONCLUDED PERSONNEL NEGOTIATIONS

LASSILA & TIKANOJA PLC 	COMPANY ANNOUNCEMENT    23 FEBRUARY 2009 11.00 am 


LASSILA & TIKANOJA CONCLUDED PERSONNEL NEGOTIATIONS  

Lassila & Tikanoja has concluded employer-employee negotiations under the Act
on Co-Determination within Undertakings that began in Finland on 29 December
2008. As a result of these negotiations, the reduction notice applies to 160
persons. The reductions form part of the measures currently undertaken in order
to adjust the organisation and business activities to changes in the market
situation. The actual number of redundancies is expected to be smaller than the
figure given above, as some of the persons concerned may be assigned different
tasks within L&T. 

L&T's adjustment strategy comprises both immediate and long-term measures, the
latter including structural changes. The focal point of the adjustments is the
reduction of fixed costs. Therefore, the reduction concerns white-collar
employees in a higher proportion than manual staff. The staff adjustments will
be implemented in their entirety during 2009 and affect all operations in
Finland. Altogether, L&T employs ca. 7,300 people in Finland. 

Employees affected by the reduction are being supported by L&T in various ways.
New tasks within the company are actively being sought for persons concerned.
Additional support is being provided in the form of relocations and job-seeking
training. 

LASSILA & TIKANOJA PLC

Jari Sarjo
President and CEO


For additional information please contact Mr. Jari Sarjo, President and CEO,
tel. +358 10 636 2810. 


Lassila & Tikanoja specialises in environmental management and property and
plant support services and is a leading supplier of wood-based biofuels,
recovered fuels and recycled raw materials. With operations in Finland, Sweden,
Latvia and Russia L&T employs 9,500 persons. Net sales in 2008 amounted to EUR
606 million. L&T is listed on NASDAQ OMX Helsinki. 


Distribution: 
NASDAQ OMX Helsinki
Major media
www.lassila-tikanoja.com