Ixonos - Company Announcement

Ixonos' co-operation negotiations have concluded

Ixonos Plc          	Stock Exchange Release          10 June 2010 at 14:30


IXONOS' CO-OPERATION NEGOTIATIONS HAVE CONCLUDED

Ixonos Plc has completed the co-operation negotiations that begun on 24 May
2010. The goal of the co-operation negotiations was to adjust operations in
Finland to the decreased demand in project management services and testing and
variant work as well as to rationalize the profitability of these operations.
As an outcome of the negotiations, 28 employees who are working in these
competence areas and related administration will be temporarily laid off, for a
period no longer than 3 months. 

The rationalization of the operations seeks to achieve this year approximately
EUR 0.3 million savings as from the third quarter of the current financial
year. 

These actions will not affect the production of services for Ixonos' customers.

The company published a stock exchange release about the commencement of the
co-operation negotiations on 24 May 2010. 

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:
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