Rautaruukki
UNLAWFUL STRIKE IN STEEL PLANT 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 12 May 2008 UNLAWFUL STRIKE IN STEEL PLANT AT RAUTARUUKKI'S RAAHE WORKS Workers on one of the continuous casting machines in the steel plant at Rautaruukki's Raahe Works in Finland failed to arrive for work at 6am this morning, 12 May 2008. It has been announced that the strike by approximately 10 shiftworkers operating the casting machine will last 72 hours. The workers' action is contrary to the commitment to industrial peace in the valid collective bargaining agreement. According to information received from the local trade union branch at the employer's works, the workers on the continuous casting machine will return to work at 6am on Thursday 15 May. 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. During the strike, steel production will run using two casting machines. Separate information will be provided about the financial effects of the strike on the company at a later date. 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 12.05.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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