Honkarakenne Oyj - Company Announcement

HONKARAKENNE OYJ TO INITIATE NEGOTIATIONS UNDER THE ACT ON CO-OPERATION WITHIN UNDERTAKINGS

HONKARAKENNE OYJ Stock Exchange Release 21 August 2015 at 11:00 a.m.

HONKARAKENNE OYJ TO INITIATE NEGOTIATIONS UNDER THE ACT ON CO-OPERATION

WITHIN UNDERTAKINGS

Honkarakenne Oyj initiates co-operation negotiations concerning all its blue
collar personnel in Finland. 

According to a preliminary estimation by the company, the co-operation
negotiations may result in temporary lay-offs lasting 90 days at most by the
end of May 2016. The lay-off plans concern the blue collar workers. For the
white-collar workers a similar lay-off plan by the end of December 2015 is
approved earlier. 

The co-operation negotiations aim to secure the company's competitiveness
despite seasonal variation and the development of sales. 

It is estimated that the co-operation negotiations will be concluded in the
middle of September. 

HONKARAKENNE OYJ
Marko Saarelainen
President and CEO
FURTHER INFORMATION
Marko Saarelainen, President and CEO, tel. +81 90 3216 9085,
marko.saarelainen@honka.com 
or
Mikko Jaskari, CFO, tel. +358 400 535 337, mikko.jaskari@honka.com
DISTRIBUTION
NASDAQ OMX Helsinki
Key media
Financial Supervisory Authority
www.honka.com