PKC Group Oyj - Company Announcement

PKC GROUP LOWERS ITS FORECAST AND STARTS ADJUSTMENT MEASURES

PKC Group Oyj 	STOCK EXCHANGE RELEASE 31 OCTOBER 2008   1.00 p.m.               

PKC GROUP LOWERS ITS FORECAST AND STARTS ADJUSTMENT MEASURES                    

Due to the weakened prospects PKC Group lowers its forecast for the last        
quarter, starts co-determination negotiations in its unit in Kempele and makes  
changes to the Wiring Harnesses business's management.                          

PKC Group's forecast for the last quarter is lowered so that the operative      
profitability will decrease significantly in comparison to the same period a    
year earlier. Otherwise we are maintaining our forecast, according to which full
year net sales are expected to grow on the previous year and operative          
profitability to remain at a good level and that due to declining delivery      
volumes, falling prices and adjustment measures the last quarter's net sales    
will fall slightly below the previous year's comparative period.                

Commercial vehicle demand has decreased significantly during the current year   
and it is expected that production volumes will decrease gradually toward the   
end of the year. In order to ensure PKC Group's competitiveness it is necessary 
to downscale operations to a level that matches demand and to reorganise        
operations. Measures to decrease number of employees have already started in    
Estonia and Kostomuksha, Russia. Adjustment measures will start in Kempele by   
initiating co-determination negotiations due to production and financial reasons
and the restructuring of operations. The negotiations concern all the personnel 
groups and may lead to lay-offs of 100 persons.                                 

Changes are also made in the Wiring Harnesses business's management. The service
contract of Jaan Murdla, Vice President, Wiring Harnesses has been terminated   
and Pekka Korkala, Vice President, Wiring Harnesses will be solely responsible  
for the Wiring Harnesses business.                                              

Group's wiring harness production employs over 3,000 people in Europe. In       
addition to Kempele, production units are located in Russia in Kostomuksha and  
Pskov and in Estonia in Keila and Haapsalu.                                     

PKC Group Oyj                                                                   

Harri Suutari                                                                   
President & CEO                                                                 

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


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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, Estonia and Russia, and employs over 5,500      
people. The Group's net sales in 2007 totalled EUR 288.6 million. PKC Group Oyj 
is listed on NASDAQ OMX Helsinki Ltd.