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2009-02-04 14:00:44 CET 2009-02-04 14:01:44 CET REGULATED INFORMATION Okmetic Oyj - Company AnnouncementOKMETIC´S CO-OPERATION NEGOTIATIONS CONCLUDEDOKMETIC OYJ STOCK EXCHANGE RELEASE 4 FEBRUARY 2009 AT 3 P.M. OKMETIC´S CO-OPERATION NEGOTIATIONS CONCLUDED Okmetic's statutory employee-employer negotiations concerning its operations in Finland, which began on 16 January 2009, were concluded today. After the personnel negotiations, the employer has decided it will implement fixed-term temporary layoffs. The layoffs will affect 240 people out of the total 320 Okmetic employees in Finland. The layoffs will begin on 9 February 2009 and will take place between February and June. The layoffs are administered in one-week periods. The duration of the layoffs per employee will vary from one to six weeks. At a Group level, efforts are also made to minimise other costs where possible, and to reduce the labour costs of 40 employees working in foreign subsidiaries to accommodate the current market situation. OKMETIC OYJ Markus Virtanen Senior Vice President, Human Resources For further information, please contact: Markus Virtanen, Senior Vice President, Human Resources, Okmetic Oyj tel. +358 9 5028 0421, email: markus.virtanen@okmetic.com Distribution: NASDAQ OMX Helsinki Principal media www.okmetic.com OKMETIC IN BRIEF Take it higher Okmetic is a technology company which supplies tailor-made silicon wafers for sensor and semiconductor industries and sells its technological expertise. Okmetic provides its customers with solutions that boost their competitiveness and profitability. Okmetic's silicon wafers are part of a further processing chain that produces end products that improve human interaction and quality of life. Okmetic's products are based on high-tech expertise that generates added value for customers, innovative product development and an extremely efficient production process. |
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