Honkarakenne Oyj - Company Announcement

Conclusion of negotiations under the Act on Co-operation within Undertakings

HONKARAKENNE 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