Cooperation negotiations completed at Ponsse

PONSSE PLC STOCK EXCHANGE RELEASE 6 NOVEMBER 2012, 12:00 PM                                

Cooperation negotiations completed at Ponsse

The cooperation negotiations initiated on 23 October 2012 have now been concluded at Ponsse Plc. The cooperation negotiations concerned possible adjustment of the company's operations to the weakened market situation and demand and temporary lay-offs for a maximum length of 90 days that may possibly result from this. The negotiations were conducted in good spirit, and the parties consider the solution found to be feasible. 

The result of the negotiations means temporary lay-offs in all personnel groups and operations included in the scope of the negotiations. The temporary lay-offs apply to a maximum of 300 workers and 200 office workers in Finland. The lay-offs will start on 10 December 2012 at the earliest.

Vieremä, 6 November 2012  

PONSSE PLC

Juho Nummela
President and CEO

FURTHER INFORMATION
Juho Nummela, President and CEO, Ponsse Plc, tel. +358 400 495 690

DISTRIBUTION
Nasdaq OMX Helsinki Oy
Principal media
www.ponsse.com

Ponsse Plc specialises in the sales, production, maintenance and technology of cut-to-length method forest machines and is driven by genuine interest in its customers and their business operations. Ponsse develops and manufactures sustainable and innovative harvesting solutions based on customers’ needs. 

The company was established by forest machine entrepreneur Einari Vidgrén in 1970, and it has been a leader in timber harvesting solutions based on the cut-to-length method ever since. Ponsse is headquartered in Vieremä, Finland. The company’s shares are quoted on the NASDAQ OMX Nordic List.