Suominen Oyj - Company Announcement

Codetermination negotiations at Suominen Nonwovens Ltd completed

Tampere, Finland, 2012-07-02 07:30 CEST (GLOBE NEWSWIRE) -- Suominen
Corporation                    Stock exchange release 2.7.2012 at 8.30 a.m. 


Codetermination negotiations at Suominen Nonwovens Ltd completed

The codetermination negotiations that began at Suominen Nonwovens Ltd on 14 May
2012 within the framework of the performance improvement program of Suominen
Corporation have been completed. The operations of Suominen Nonwovens Ltd's
production facility in Nakkila will be sharpened by closing down production
lines and rationalizing administrative and supportive functions. The number of
staff will be reduced by a maximum of 76 employees. 

The redundancies will be implemented during summer 2012.

By cutting the production Suominen aims at considerable improvement in the
profitability of its production facility in Nakkila. The closure of the
thermobond production and one spunlace line will lead to a write down of about
3 million euros, which has no cash effect. The procedure is part of Suominen
Corporation's broader performance improvement program. The target is to achieve
cost savings of the order of about two percentage points on net sales in 2012. 

Helsinki, 2 July 2012

Suominen Corporation

Nina Kopola
President and CEO


For additional information, please contact
Mrs. Nina Kopola, tel. +358 (0) 214 3551


Suominen supplies industry and retailers with nonwovens, wet wipes and flexible
packaging for use in consumer products that people use every day - through two
business areas: Wiping and Flexibles. 


Distribution:
NASDAQ OMX Helsinki Ltd.
Main media
www.suominen.fi