Ponsse invites its personnel to cooperation negotiations pursuant to the Act on Co-operation within Undertakings
Ponsse Plc invites its personnel to cooperation negotiations pursuant to the Act on Co-operation within Undertakings. The negotiations concern adaptations to the current situation. The needs for adaptations are related to the Russian invasion of Ukraine and the resulting stoppage in exports to Russia, the significant increase in manufacturing costs, and the decrease in profitability and cash flows. Challenges involving the availability of components have also increased operational risks and uncertainties. “The situation is highly polarised. Ponsse’s market situation has so far been