Uponor - Company Announcement

Uponor concludes its employee negotiations in Spain

Uponor Corporation           Stock exchange release         22 December 2016  
14.00 EET 



Uponor concludes its employee negotiations in Spain

Uponor Corporation’s Spanish subsidiary Uponor Hispania S.A.U. has today
concluded the co-determination negotiations in Spain. As a result, up to 50
employment contracts will be terminated, which is somewhat less than originally
planned. For the most part, the reductions will be made by the end of February
2017. 

According to the initial plans announced on 23 November 2016, Uponor will close
its PEX pipe production site in Mostoles, Spain and concentrate production to
the company’s facilities in Virsbo, Sweden. This transition will be completed
during the first quarter of 2017. 

The manufacturing concentration is part of Uponor’s transformation programme,
which started a year ago in the company’s European segments. 

Uponor will continue to have its logistics centre and the sales & marketing
organisation in Spain. Uponor will make every effort to support the affected
employees by offering them professional outplacement services in an effort to
help them find employment. 



For more information, please contact:
Jyri Luomakoski, President and CEO, tel. +358 20 129 2824
Riitta Palomäki, CFO, tel. +358 20 129 2822



Uponor Corporation



Tarmo Anttila
Vice President, Communications
Tel. +358 20 129 2852



DISTRIBUTION:
Nasdaq Helsinki
Media
www.uponor.com



Uponor is a leading international systems and solutions provider for safe
drinking water delivery, energy-efficient radiant heating and cooling and
reliable infrastructure. The company serves a variety of building markets
including residential, commercial, industrial and civil engineering. Uponor
employs about 3,700 employees in 30 countries, mainly in Europe and North
America. In 2015, Uponor's net sales totalled €1,050 million. Uponor is based
in Finland and listed on Nasdaq Helsinki. www.uponor.com