Ixonos - Company Announcement

Ixonos has concluded co-operation negotiations

Helsinki, Finland, 2012-02-14 15:00 CET (GLOBE NEWSWIRE) -- Ixonos Plc         
Stock Exchange Release          14 February 2012 at 16:00 


IXONOS HAS CONCLUDED CO-OPERATION NEGOTIATIONS

Ixonos Plc has completed the co-operation negotiations regarding its personnel
in Finland that begun on 3 January 2012. 

The demand for Ixonos' Symbian and MeeGo R&D and software development services
provided for Nokia Plc has reduced significantly in the turn of the year, and
the demand is not expected to return to past levels. The goal of the
negotiations has been to find means to adjust the company's cost structure to
the changed situation in order to secure the company's competitiveness. 

As an outcome of the negotiations, not more than 136 employees of Ixonos Plc or
its Finnish subsidiaries will be made redundant or temporarily laid-off by the
end of June 2012. Additionally, other saving and rationalisation measures will
be conducted within the Group. 

The rationalisation of operations is expected to create monthly savings of
approximately EUR 1.0 million starting from June of the ongoing financial year. 

The negotiations applied to Ixonos Group's personnel in Finland. The actions
were estimated to impact 150 people at the most. The company published a stock
exchange release about the commencement of the co-operation negotiations on 3
January 2012. 


IXONOS PLC
Kari Happonen
President and CEO

For more information, please contact:
Ixonos Plc, Kari Happonen, CEO, tel. +358 400 700 761, kari.happonen@ixonos.com

Distribution:
NASDAQ OMX Helsinki
Main media

Attachments:

Ixonos_release_coop_neg_20120214.pdf