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2010-04-06 14:30:00 CEST 2010-04-06 14:30:02 CEST REGLERAD INFORMATION Neomarkka - Company AnnouncementNEOMARKKA'S SUBSIDIARY REKA CABLES TO START CO-DETERMINATION NEGOTIATIONSNEOMARKKA PLC STOCK EXCHANGE RELEASE 6 April at 15.30 pm NEOMARKKA'S SUBSIDIARY REKA CABLES TO START CO-DETERMINATION NEGOTIATIONS Neomarkka Plc's subsidiary Reka Cables Ltd starts co-determination negotiations concerning all employees in company's Finnish factories in Hyvinkää, Riihimäki and Keuruu. The officials are not involved in the negotiations. Negotiations aim to adjust company's business activities to changes in the market situation. Reka Cables Ltd has 174 employees in its Finnish factories. Details of the needed adjustments in forms of lay-offs and dismissals will be specified during the negotiations but the estimated need for dismissals is 25 employees. The negotiations will start on 9 April 2010 and are estimated to end during week 21/2010. Neomarkka Ltd Sari Tulander CFO Further information: Jorma Leskinen, Managing Director, Reka Cables Ltd, tel. +358 20720 0311 www.neomarkka.fi Neomarkka Plc is an investment company that invests mainly in industrial companies with similar synergic benefits. The aim of investments is with active ownership to develop the purchased companies and establish additional value. Returns are sought both through dividend flow and an increase in value. Neomarkka's B shares are listed on the NASDAQ OMX Helsinki main market. |
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