Lemminkäinen - Company Announcement

Lemminkäinen concludes personnel negotiations

LEMMINKÄINEN CORPORATION   STOCK EXCHANGE BULLETIN  2.12.2011 at 12.45


LEMMINKÄINEN CONCLUDES PERSONNEL NEGOTIATIONS

Lemminkäinen has concluded the personnel negotiations regarding more efficient
operating methods and reduction of personnel. The negotiations began on 24
October, and they affected the entire Lemminkäinen Group in Finland and in
other operating countries. 

As a result of the negotiations, the maximum personnel reduction need is 300
man-years. Staff cuts will mainly affect Finnish operations. The aim is to
reduce the number by means of other savings and staff reorganisation. 

All personnel reductions involved will be finalised by the end of 2012. These
arrangements will not cause significant non-recurring expenses in 2011. 

The measures agreed result from the company's need to strengthen its
profitability and competitiveness. The negotiations were part of Lemminkäinen's
comprehensive efficiency programme, seeking annual cost-savings of EUR 50
million from 2013 onwards. 

The company employs approximately 8,000 of whom approximately 70 per cent work
in Finland. 


LEMMINKÄINEN CORPORATION
Corporate Communications

MORE INFORMATION:
President and CEO Timo Kohtamäki
Lemminkäinen Corporation
Tel. 02071 53263

DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Key media
www.lemminkainen.fi

Lemminkäinen Group operates in all areas of the construction sector. The
Group's business sectors are Building Construction, Infrastructure Construction
and Technical Building Services. From the beginning of 2012, International
Construction will form a fourth business sector. Net sales in 2010 were around
EUR 2.0 billion, of which international operations accounted for roughly a
quarter. The Group employs 8,000 people on average. Lemminkäinen Corporation's
shares are quoted on NASDAQ OMX Helsinki Ltd. www.lemminkainen.fi