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2009-02-20 14:45:00 CET 2009-02-20 14:45:07 CET REGULATED INFORMATION Ponsse Oyj - Company AnnouncementTHE NEGOTIATIONS TO ADJUST OPERATIONS TO THE MARKET SITUATION HAVE BEEN COMPLETED AT EPEC OYPONSSE PLC STOCK EXCHANGE RELEASE 20 FEBRUARY 2009 AT 03:45 PM THE NEGOTIATIONS TO ADJUST OPERATIONS TO THE MARKET SITUATION HAVE BEEN COMPLETED AT EPEC OY The negotiations pursuant to the Act on Co-operation within Undertakings on the possible adjustment of operations to the market situation and temporary lay-offs that may possibly result from this, initiated by Epec Oy on 5 February 2009, have now been concluded. The solution reached in the negotiations consists of an arrangement on holiday bonuses with the personnel and temporary lay-offs in operations included in the scope of the negotiations. The temporary lay-offs apply to a maximum of 20 workers and 68 clerical employees. The lay-offs will start on 1 August at the earliest, and they will all be implemented with fixed duration by 31 December 2009. Vieremä, 20 February 2009 PONSSE PLC Juho Nummela President and CEO FOR FURTHER INFORMATION CEO Jouni Matikainen of Epec Oy, tel. +358 40 5851 200. DISTRIBUTION NASDAQ OMX Helsinki Ltd Principal media www.ponsse.com |
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