Norma
Collective termination of employment contracts and application of the holiday with partial pay
Norma / Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- AS Norma has filed requests with the Labour Inspectorate in order to apply the collective termination of employment contracts with 65 employees, and the holiday with partial pay to 304 employees during 7 working days in April. The termination of employment contracts and the holiday with partial pay derive from significant fall in orders in April and in the next months of 2009. AS Norma shares the opinion of its clients that the production halt and volumes drop is temporary. However it is difficult to estimate when and at which level of production volumes the situation will stabilize. Peep Siimon Chairman of the Management Board +372 650 0442 News Source: NASDAQ OMX 07.04.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Norma Estonia Phone: Fax: E-mail: Internet: ISIN: EE3100001850 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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