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2008-12-08 11:30:00 CET 2008-12-08 11:30:01 CET REGULATED INFORMATION Ponsse Oyj - Company AnnouncementPONSSE PLC TO CONTINUE IMPROVING PROFITABILITY AND ADJUSTING ITS OPERATIONSPONSSE PLC STOCK EXCHANGE RELEASE 8 DECEMBER 2008 AT 12:30 PM. PONSSE PLC TO CONTINUE IMPROVING PROFITABILITY AND ADJUSTING ITS OPERATIONS Ponsse Plc will adjust its production and other operations to meet market demand. In order to safeguard its competitiveness and profitability, the company will initiate employer-employee negotiations on dismissals and temporary lay-offs. The need for personnel cutback is estimated to be 200 at most in Finland and 320 at most in the entire group. Furthermore, the need for temporary lay-offs will probably continue throughout 2009. The negotiations will concern all operations and personnel groups, in Finland altogether 260 clerical workers and 400 workers. The total amount of personnel in the Ponsse group is 1050. The effects on personnel of these adjustment measures will be specified in the various units, countries and operations as soon as the employer-employee negotiations have been completed. The negotiations will take place according to the local legislation in each country. Vieremä, 8 December 2008 PONSSE PLC Juho Nummela, President and CEO Mikko Paananen, Chief Financial Officer FOR FURTHER INFORMATION, PLEASE CONTACT: CEO Juho Nummela, Ponsse Plc, tel. +358 400 495 690 DISTRIBUTION: NASDAQ OMX Helsinki Oy Principal media www.ponsse.com |
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