THE NEGOTIATIONS TO ADJUST OPERATIONS TO THE MARKET SITUATION HAVE BEEN COMPLETED AT EPEC OY
PONSSE PLC STOCK EXCHANGE RELEASE 20 FEBRUARY 2009 AT 03:45 PM
THE NEGOTIATIONS TO ADJUST OPERATIONS TO THE MARKET SITUATION HAVE BEEN
COMPLETED AT EPEC OY
The negotiations pursuant to the Act on Co-operation within Undertakings on the
possible adjustment of operations to the market situation and temporary
lay-offs that may possibly result from this, initiated by Epec Oy on 5 February
2009, have now been concluded.
The solution reached in the negotiations consists of an arrangement on holiday
bonuses with the personnel and temporary lay-offs in operations included in the
scope of the negotiations.
The temporary lay-offs apply to a maximum of 20 workers and 68 clerical
employees. The lay-offs will start on 1 August at the earliest, and they will
all be implemented with fixed duration by 31 December 2009.
Vieremä, 20 February 2009
PONSSE PLC
Juho Nummela
President and CEO
FOR FURTHER INFORMATION
CEO Jouni Matikainen of Epec Oy, tel. +358 40 5851 200.
DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Principal media
www.ponsse.com