Ponsse calls its personnel to cooperation negotiations

PONSSE PLC STOCK EXCHANGE RELEASE 23 October 2012, 09:15 AM                                

Ponsse calls its personnel to cooperation negotiations

Ponsse is in the process of adjusting its operations to the weakened market situation and demand and has called its personnel to cooperation negotiations. The negotiations commencing today will concern the adjustment of the company's operations by way of possible temporary lay-offs, of a maximum length of 90 days. The negotiations will not involve discussions related to redundancies. 

The negotiations involve all personnel groups and company operations, apart from sales and maintenance services. The negotiations concern a maximum of 300 workers and 200 office workers in Finland. 

Ponsse employs a total of 629 people in Finland. The entire Group has 989 employees. 

Vieremä, 23 October 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.