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2009-01-21 14:13:36 CET 2009-01-21 14:14:36 CET REGULATED INFORMATION Honkarakenne Oyj - Company AnnouncementConclusion of negotiations under the Act on Co-operation within UndertakingsHONKARAKENNE OYJ Stock exchange release 21 January 2009 Conclusion of negotiations under the Act on Co-operation within Undertakings Honkarakenne Oyj and salaried employees have concluded codetermination negotiations, which have resulted in 18 redundancies due to production and financial reasons as well as to company reorganization. Agreement has been reached with a further seven people on retirement, longer-term lay-offs or on their becoming independent representatives. Fixed-term employment contracts will not be renewed. Moreover, four people have left the company. Negotiations with salaried employee representatives began in the autumn due to the weakening of the company's market situation. The personnel changes carried out apply to the entire Group in Finland and its subsidiaries abroad. For further information, please contact Esko Teerikorpi, President and CEO, tel. +358 40 580 6111 HONKARAKENNE OYJ Esko Teerikorpi DISTRIBUTION Helsinki Stock Exchange Principal media Financial supervision |
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