Rautaruukki
RAUTARUUKKI TO BOOST THE OPERATIONS OF ITS ENGINEERING DIVISION

Rautaruukki / News

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Rautaruukki Oyj	Press release		23 May 2008 

RAUTARUUKKI TO BOOST THE OPERATIONS OF ITS ENGINEERING DIVISION

Ruukki Engineering, Rautaruukki's engineering division, is to boost its
operations by reorganisation and removing overlaps at the group, division and
unit level. In this context, the division will initiate employer-employee
negotiations concerning senior salaried employees in its Tampere, Hämeenlinna
and Helsinki units. It is estimated 25 jobs will be affected. 

A total of 60 senior salaried employees work in the units subject to the
negotiations. Efforts will be made to find jobs in Ruukki's other units for the
persons affected. 

These actions are part of Ruukki Engineering's profitability improvement
programme aimed at improving the division's operating profit by EUR 20 million
during the current year. 

For further information, please contact: 
Tommi Matomäki, President, Ruukki Engineering, tel. +358 20 592 8809


Rautaruukki Corporation
Anne Pirilä 
SVP, Corporate Communications and Investor Relations

Rautaruukki supplies metal-based components, systems, and integrated solutions
to the construction and engineering industries. The company has a wide
selection of metal products and services. Rautaruukki has operations in 24
countries and employs 14,600 people. Net sales in 2007 totalled 3.9 billion
euros. The company's share is quoted on the OMX Nordic Exchange Helsinki
(Rautaruukki Oyj: RTRKS). The corporation uses the marketing name Ruukki. 


www.ruukki.com

JAKELU:
OMX Pohjoismainen Pörssi, Helsinki
Keskeiset tiedotusvälineet
www.ruukki.com

News Source: NASDAQ OMX

23.05.2008  Financial News transmitted by DGAP
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