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2008-10-30 10:30:00 CET 2008-10-30 10:30:00 CET REGULATED INFORMATION Ponsse Oyj - Company AnnouncementTHE NEGOTIATIONS TO ADJUST OPERATIONS TO THE MARKET SITUATION HAVE BEEN COMPLETED AT PONSSE PLCPONSSE PLC STOCK EXCHANGE RELEASE 30 OCTOBER 2008 AT 11:30 A.M. THE NEGOTIATIONS TO ADJUST OPERATIONS TO THE MARKET SITUATION HAVE BEEN COMPLETED AT PONSSE PLC 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 on 16 October 2008, have now been concluded. The negotiations were conducted in good spirit, and the parties consider the found solution to be feasible. The solution means temporary lay-offs of fixed duration in all operations included in the scope of the negotiations. The temporary lay-offs apply to a maximum of 320 workers and 125 clerical employees. The lay-offs will start on 10 December at the earliest, and they will all be implemented with fixed duration by 15 May 2009. Vieremä 30 October 2008 PONSSE PLC Juho Nummela, President and CEO Mikko Paananen, CFO For further information, please contact: CEO Juho Nummela, Ponsse Plc, tel. +358 400 495 690 Distribution: NASDAQ OMX Helsinki Ltd Principal media www.ponsse.com |
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