RAUTE CONTINUES TO ADAPT ITS OPERATIONS
RAUTE CORPORATION STOCK EXCHANGE RELEASE 30 January 2009 at 8.00 a.m.
RAUTE CONTINUES TO ADAPT ITS OPERATIONS
Raute Corporation adapts its operations to the weak continuing market situation
and has initiated negotiations in compliance with the Act on Co-operation with
the salaried and senior salaried employees of the Finnish units. The
negotiations have also been initiated with the hourly workers of the Jyväskylä
unit. The negotiations concern altogether approximately 280 employees. With
regard to the rest of the personnel, the earlier agreed adaptation measures are
sufficient for the time being.
During the 6 weeks continuing negotiations, reasonable solutions are sought to
secure undisturbed customer service and competitiveness. The company strives
primarily to adapt the operations through interim lay-offs of different
duration, working hour arrangements, training, and development efforts. The
adjustment measures resulting of the negotiations are carried out in phases to
secure the delivery capability. When deciding on the measures, the views of the
personnel are taken into consideration.
RAUTE CORPORATION
Tapani Kiiski
President and CEO
FURTHER INFORMATION:
Mr. Tapani Kiiski, President and CEO, Raute Corporation, tel. +358 3 829 3560,
mobile phone +358 400 814 148
Ms. Arja Hakala, CFO, Raute Corporation, tel. +358 3 829 3293,
mobile phone +358 400 710 387
RAUTE IN BRIEF:
Raute is a technology company serving the wood products industry worldwide. Its
most important customers are the plywood and LVL industries. The company is one
of the world's leading suppliers of mill-scale projects to these customer
industries. The total service concept also includes technology services, with
which Raute supports its customers throughout the entire life cycle of their
investments. Raute's head office and main production plant are in Nastola,
Finland. Its other production plants are in the Vancouver area of Canada, in the
Shanghai area of China, and in Jyväskylä and Kajaani, Finland. Net sales in 2007
were EUR 111 million and the number of personnel 570. More information on the
company can be found at www.raute.com.
DISTRIBUTION:
NASDAQ OMX Helsinki Ltd., main media, www.raute.com