Rautaruukki
Impact on personnel will become clear after Rautaruukki’s employer-employee negotiations
Rautaruukki / Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Rautaruukki Corporation Stock exchange release 4 December 2008 at 13:15 Impact on personnel will become clear after Rautaruukki's employer-employee negotiations Owing to inaccurate public information appearing today, Rautaruukki refers to its stock exchange release dated 1 December 2008: In the context of adjustment and efficiency measures, the company is to start employer-employee negotiations about possible lay-offs, redundancies and part-time working in different market areas. All impacts on the personnel will become clear after these employer-employee negotiations have ended. Negotiation proposals have been given and a start will be made next week on negotiations in the various units. Ruukki Production has about 4,000 workers in Finland that, in accordance with the employer-employee negotiation scheme, come within these negotiations. For further information, please contact: Sakari Tamminen, President & CEO, tel. +358 20 592 9075 For further information, please contact: Sakari Tamminen, President & CEO, tel. +358 20 592 9075 Rautaruukki Corporation Anne Pirilä SVP, Corporate Communications and Investor Relations Rautaruukki supplies metal-based components, systems and integrated systems to the construction and engineering industries. The company has a wide selection of metal products and services. Rautaruukki has operations in 26 countries and employs 15,000 people. Net sales in 2007 totalled EUR 3.9 billion. The company's share is quoted on NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). The Corporation uses the marketing name Ruukki. www.ruukki.com DISTRIBUTION: NASDAQ OMX Helsinki Main media www.ruukki.com News Source: NASDAQ OMX 04.12.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Rautaruukki Finland Phone: Fax: E-mail: Internet: ISIN: FI0002001959 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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