Honkarakenne Oyj - Company Announcement

HONKARAKENNE OYJ TO INITIATE NEGOTIATIONS UNDER THE ACT ON CO-OPERATION WITHIN UNDERTAKINGS

HONKARAKENNE OYJ Stock Exchange Release 21 January 2015, 2:30 p.m.

HONKARAKENNE OYJ TO INITIATE NEGOTIATIONS UNDER THE ACT ON CO-OPERATION

WITHIN UNDERTAKINGS

Honkarakenne Oyj initiates co-operation negotiations concerning all its blue
collar personnel in Finland. 

According to a preliminary estimation by the company, the co-operation
negotiations may result in temporary lay-offs lasting 90 days at most by the
end of December 2015. The lay-off plans concern the blue collar workers.
Similar negotiation has already taken place concerning the clerical workers. 

The co-operation negotiations aim to secure the company's competitiveness
despite seasonal variation and the development of sales. 

It is estimated that the co-operation negotiations will be concluded in the
middle of February 

HONKARAKENNE OYJ
Mikko Kilpeläinen
President and CEO
FURTHER INFORMATION 
Mikko Kilpeläinen, President and CEO, tel. +358 50 542 5884,
mikko.kilpelainen@honka.com 
Mikko Jaskari, CFO, tel. +358 400 535 337, mikko.jaskari@honka.com 
DISTRIBUTION
NASDAQ OMX Helsinki
Key media
Financial Supervisory Authority
www.honka.com