PONSSE PLC´S EMPLOYEE CO-OPERATION NEGOTIATIONS CONCLUDED
PONSSE PLC STOCK EXCHANGE RELEASE FEBRUARY 3 2009, 09:00 AM
PONSSE PLC´S EMPLOYEE CO-OPERATION NEGOTIATIONS CONCLUDED
The employee co-operation negotiations started in December 2008 in Ponsse Plc.
have been concluded. The goal of the negotiations was to adjust the operations
of Ponsse Plc. to the market situation and to enhance operations to ensure
future competitiveness and profitability. During the negotiations, possible
staff reductions, permanent layoffs and temporary layoffs were discussed.
On the basis of the negotiations, the number of personnel in Finland will be
reduced by 158 employees from its current January 2009 level of approximately
650 employees. In addition, on the basis of negotiations, 29 persons can be
laid off until further notice, and the whole personnel temporarily. Of the work
relationships to be terminated, approximately 35 are temporary contracts and
approximately 10 will be carried out according to pension schemes. The
termination of work relationships will be implemented during February 2009,
while other adjustments will be made during 2009 when needed.
Employees who are made redundant and ones laid off until further notice, will
be given transitional training in co-operation with Iisalmi labour force
service centre.
In foreign subsidiaries, the adjustment of operations is also proceeding
according to plan.
Vieremä, February 3, 2009
PONSSE PLC.
Juho Nummela
President and CEO
FURTHER INFORMATION
Juho Nummela, President and CEO, Ponsse Plc.
Telephone +358 400 495 690
DISTRIBUTION
Nasdaq OMX Helsinki Ltd
Principal media
www.ponsse.com