Honkarakenne Oyj - Company Announcement

HONKARAKENNE OYJ TO INITIATE NEGOTIATIONS UNDER THE ACT ON CO-OPERATION WITHIN UNDERTAKINGS

Helsinki, Finland, 2011-06-07 07:15 CEST (GLOBE NEWSWIRE) -- 

HONKARAKENNE OYJ Stock Exchange Release 7 June 2011, 08:15

HONKARAKENNE OYJ TO INITIATE NEGOTIATIONS UNDER THE ACT ON CO-OPERATION WITHIN
UNDERTAKINGS 



Honkarakenne Oyj initiates co-operation negotiations concerning all its
personnel in Finland. 

According to a preliminary estimation by the company, the co-operation
negotiations may result in temporary lay-offs lasting 90 days at most by the
end of March 2012. The lay-off plans concern all personnel groups. 

The co-operation negotiations which are initiated now continue the company's
rationalisation measures, with the aim to secure the company's competitiveness
despite seasonal variation and the development of sales. 

It is estimated that the co-operation negotiations will be concluded by the end
of June. 



HONKARAKENNE OYJ


Esa Rautalinko

President and CEO



Additional information:

President and CEO Esa Rautalinko, tel. +358 (0)400 740 997,
esa.rautalinko@honka.com or 

CFO, Mikko Jaskari, tel. +358 (0)400 535 337, mikko.jaskari@honka.com



DISTRIBUTION

NASDAQ OMX Helsinki Oy

Key media

Financial Supervisory Authority

www.honka.com

Attachments:

HONKARAKENNE OYJ Stock Exchange Release 7.6.2011.pdf