Nokian Tyres completes employee cooperation negotiations in Finland

Nokian Tyres plc Company Release March 27, 2020 at 11:10 a.m.

The employee cooperation negotiations concerning all personnel based in Finland at Nokian Tyres plc, Nokian Heavy Tyres Ltd, Vianor Holding Oy and Vianor Oy have ended. As a result, all 1,630 employees are planned to be temporarily laid off. The duration of the temporary lay-offs varies depending on the work assignment, up to a maximum of 90 days per person during this year. In Vianor Oy, the timing is extended until February 2021.

A two-week shutdown in Nokia factory begins on April 6th. This includes both the personal car tire production as well as Nokian Heavy Tyres’ production and is aimed at preventing the spread of COVID-19.  

Employee cooperation negotiations concerned a total of 1,630 people and were due to the COVID-19 outbreak, which has increased the uncertainty in the car and tire market.

Nokian Tyres plc

Päivi Antola
SVP, Corporate Communications and Investor Relations

Further information:
Esa Eronen, SVP, Supply Chain and Sustainability, tel. +358 10 401 7281

Nokian Tyres develops and manufactures premium tires for people who value safety and sustainability. Inspired by our Scandinavian heritage, we craft innovative products for passenger cars, trucks and heavy machinery that give you peace of mind in all driving conditions. Our Vianor chain provides tire and car services. In 2019, the company’s net sales were EUR 1.6 billion and it employed some 4,700 people. Nokian Tyres is listed on Nasdaq Helsinki. Further information: www.nokiantyres.com