Honkarakenne Oyj
HONKARAKENNE OYJ TO INITIATE NEGOTIATIONS UNDER THE ACT ON CO-OPERATION WITHIN UNDERTAKINGS
Honkarakenne Oyj 21.01.2015 13:30 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 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 News Source: NASDAQ OMX 21.01.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Honkarakenne Oyj Finland Phone: Fax: E-mail: Internet: ISIN: FI0009900104 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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