Rautaruukki
UNLAWFUL STRIKE GREW AT RAUTARUUKKI’S RAAHE WORKS
Rautaruukki / News Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Rautaruukki Oyj Press release 13 May 2008 UNLAWFUL STRIKE GREW AT RAUTARUUKKI'S RAAHE WORKS The unlawful strike at Rautaruukki's Raahe Works in Finland has grown this morning and there are now approximately 800 persons on strike. The workers' action is contrary to the commitment to industrial peace in the valid collective bargaining agreement. The strike affects steel production and rolling, as well as deliveries from Raahe. According to information received by the employer from the local trade union branch at the works, the strike will last about 24 hours. The trade union branch has stated disputes relating to the wage structure and wage increases as the reason for the strike. Despite the strike, all functions essential to the personnel, processes and environmental safety are being maintained. Separate information will be provided at a later date about the financial effects of the strike on the company. For further information, please contact: Sakari Kallo, Senior Vice President, Hot Rolled Plate and Strip Products, Ruukki Production, tel. +358 20 592 2210 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 13.05.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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