Fortum undertakes efficiency improvements in its service functions

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Fortum Corporation          
Press Release 
9 September 2008                           

Fortum undertakes efficiency improvements in its service functions              

Fortum will re-organise its service functions in order to further develop       
internal processes so that they better answer the evolving needs. Due to the    
re-organisation plans, Fortum starts cooperation negotiations with personnel    
representatives over the reduction of a maximum of 55 jobs in Finland and 180   
jobs in Sweden.                                                                 

The changes now undertaken are part of a development programme initiated in 2006
and aiming at creating more efficient and higher quality workflows. Also the    
increased utilisation of online services and higher level of automation in e.g. 
meter reading and electronic invoicing, have changed the internal ways of       
working.                                                                        

The planned re-organisation will cover the electricity retail customer service  
operations as well as support functions related to corporate financial services.
These service functions will be re-located closer to the business units' other  
operations. The centralisation does not include local network related           
operational tasks, such as network installation work. The implementation of the 
changes now under negotiation are planned to be executed by end of 2009.        

The cooperation negotiations with personnel representatives will start on 15    
September and the aim is to find alternative solutions for as many employees as 
possible.                                                                       


Fortum Corporation                                                              
Corporate Communications                                                        


For more information:                                                           
Maria Romantschuk, SVP, Communications, tel. +358 40 777 9700

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