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2009-05-18 16:45:00 CEST 2009-05-18 16:45:11 CEST REGULATED INFORMATION Nordic Aluminium - Company AnnouncementNORDIC ALUMINIUM PLC'S EMPLOYEE NEGOTIATIONS CONCLUDEDNORDIC ALUMINIUM PLC STOCK EXCHANGE RELEASE May 18, 2009 5.45 p.m. Due to market uncertainty Nordic Aluminium Plc started employee negotiations in compliance with the Act on Cooperation on April 6, 2009. These negotiations have been concluded on May 18, 2009. The negotiations were held to adapt the Company's operations to the current market situation and to the expected operational and economical prospects. The negotiations concerned all personnel groups. The conclusion of the negotiation is that 102 employment contracts will be terminated in Kirkkonummi and Nivala facilities. One third of the terminations concerns officials. Lay-offs will be carried out immediately. NORDIC ALUMINIUM PLC Robert Paajanen Managing Director For further information please contact: Managing Director Robert Paajanen, Nordic Aluminium, tel. +358 20 7660 220 Distribution: NASDAQ OMX Helsinki Ltd. The Main Media www.nordicaluminium.fi NOAE1309 |
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