2009-05-04 11:00:00 CEST

2009-05-04 11:00:05 CEST


REGULATED INFORMATION

Finnish English
PKC Group Oyj - Company Announcement

PKC GROUP'S CO-DETERMINATION NEGOTIATIONS HAVE ENDED


PKC Group Oyj 	Company Announcement	4 May 2009	12.00 noon                       

PKC GROUP'S CO-DETERMINATION NEGOTIATIONS HAVE ENDED                            

PKC Group has today finalised the co-determination negotiations concerning      
wiring harness production in Kempele.                                           

Negotiations were conducted on the basis of employer's initiative made on 19    
March 2009, according to which the estimated need for personnel cuts totalled   
226. As a result of the negotiations the need for personnel cuts was specified  
to 128 persons after rearrangement of work and/or reorganisation of operations. 
The dismissals will be done in two phases, first 87 at the start of May and the 
rest 41 by the end of September.                                                

The realized savings will amount to approximately EUR 5 million from the last   
quarter of this year. Rationalisation measures lead to approximately EUR 4.5    
million in non-recurring expenses for the second quarter on this year. This has 
no effect on the previously published outlook for the future.                   



PKC GROUP OYJ                                                                   

Harri Suutari                                                                   
President & CEO                                                                 


For additional information, contact:                                            
Harri Suutari, President & CEO, PKC Group Oyj, +358 400 384 937                 



DISTRIBUTION                                                                    

NASDAQ OMX                                                                      
Main media                                                                      
www.pkcgroup.com                                                                


The PKC Group offers design and contract manufacturing services for wiring      
harnesses, cabling and electronics. The Group has production facilities in      
Finland, Brazil, China, Mexico, Poland, Estonia and Russia, and employs about   
5,000 people. The Group's net sales in 2008 totalled EUR 311.7 million. PKC     
Group Oyj is listed on NASDAQ OMX Helsinki Ltd.