HONKARAKENNE OYJ TO INITIATE NEGOTIATIONS UNDER THE ACT ON CO-OPERATION WITHIN UNDERTAKINGS

9/4/2012 7:30 AM EST 

Honkarakenne Oyj
Company Announcement

HONKARAKENNE OYJ TO INITIATE NEGOTIATIONS UNDER THE ACT ON CO-OPERATION WITHIN
UNDERTAKINGS

Helsinki, Finland, 2012-09-04 13:30 CEST (GLOBE NEWSWIRE) -- HONKARAKENNE OYJ
Stock Exchange Release 4 September 2012, 14:30 

HONKARAKENNE OYJ TO INITIATE NEGOTIATIONS UNDER THE ACT ON CO-OPERATION WITHIN
UNDERTAKINGS 



Honkarakenne Oyj initiates co-operation negotiations concerning all its
personnel in Finland. 

According to a preliminary estimation by the company, the co-operation
negotiations may result in temporary lay-offs lasting 90 days at most by the
end of April 2013. The lay-off plans concern all personnel groups, except for
the persons laid-off until further notice, whose lay-offs will continue for the
present. 

The co-operation negotiations which are initiated now continue the company’s
rationalisation measures, with the aim to secure the company’s competitiveness
despite seasonal variation and the development of sales. 

It is estimated that the co-operation negotiations will be concluded by the end
of September. 



HONKARAKENNE OYJ
Mikko Kilpeläinen
President and CEO


Additional information: 
President and CEO Mikko Kilpeläinen, tel. +358 (0)50 542 884,
  or CFO, Mikko Jaskari, tel. +358 (0)400 535 337,
  
DISTRIBUTION
NASDAQ OMX Helsinki Oy
Key media
Financial Supervisory Authority
www.honka.com
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HONKARAKENNE OYJ TO INITIATE NEGOTIATIONS UNDER THE ACT ON CO-OPERATION WITHIN UNDERTAKINGS