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2009-02-16 13:00:00 CET 2009-02-16 13:00:02 CET REGULATED INFORMATION Fiskars - Company AnnouncementIITTALA GROUP TO START CODETERMINATION NEGOTIATIONS AT ARABIA, IITTALA, AND NUUTAJÄRVI PLANTSFiskars Corp. Stock Exchange Release, February 16 2009 at 2 p.m. IITTALA GROUP TO START CODETERMINATION NEGOTIATIONS AT ARABIA, IITTALA, AND NUUTAJÄRVI PLANTS Fiskars Corporation's subsidiary Iittala Group Ltd. will start codetermination negotiations on redundancies and temporary lay-offs at its plants in Arabia (Helsinki), Iittala, and Nuutajärvi. These will cover a total of some 450 people, and redundancies are expected to involve around 60 people. The negotiations are aimed at adapting the plants' operations to a challenging market environment. Further information: Tero Vähäkylä, President, Iittala Group Ltd, tel. +358 204 39 5306 Pia Nybäck, Director, Arabia plant, Iittala Group, tel. +358 204 39 5223 Osmo Strengell, Director, Glass Factories, Iittala Group, tel. +358 204 39 6249 FISKARS CORPORATION Kari Kauniskangas Fiskars is a leading global supplier of consumer products for the home, garden and outdoors. The group has a strong portfolio of trusted international brands including Fiskars, Iittala, Gerber, Silva, and Buster. Associated company, Wärtsilä Corporation, is also an important part of the group, and forms one of Fiskars' operating segments, together with the Americas, EMEA, and Other. Founded in 1649 and listed on NASDAQ OMX Helsinki, Fiskars is Finland's oldest company. Fiskars recorded net sales of €697 million in 2008, and employs some 4,100 people. www.fiskars.fi |
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