RAUTE GETS PREPARED FOR CONTINUED WORK UNDERLOADING AND INITIATES NEGOTIATIONS IN COMPLIANCE WITH THE ACT ON CO-OPERATION AT THE NASTOLA PLANT
RAUTE CORPORATION STOCK EXCHANGE RELEASE 6 OCTOBER 2009 at 12:00 p.m.
RAUTE GETS PREPARED FOR CONTINUED WORK UNDERLOADING AND INITIATES NEGOTIATIONS
IN COMPLIANCE WITH THE ACT ON CO-OPERATION AT THE NASTOLA PLANT
Raute Corporation continues adapting its operations to the weak continuing
market situation and initiates negotiations in compliance with the Act on
Co-operation concerning the hourly workers in the production of the Nastola
plant. During the 6 weeks continuing negotiations with the representatives of
the hourly workers, a solution is sought for additional adjustment measures for
the temporary lay-offs agreed on in December 2008 and in May 2009. The company
strives primarily to adapt the operations through temporary lay-offs of
different duration and working hour arrangements. The additional adaptation
measures subject to the negotiations concern at most 135 hourly workers. The
previously taken adaptation measures concerning the other personnel are adequate
for the time being.
The interruption of the production activity at Raute's Jyväskylä plant continues
further and all hourly workers in the production of the Jyväskylä plant are laid
off for the time being.
Raute Group's total headcount at the end of September was 530, of which 406
persons work in Finland.
RAUTE CORPORATION
Tapani Kiiski
President and CEO
FURTHER INFORMATION:
Tapani Kiiski, President and CEO, mobile +358 400 814 148
Petri Strengell, Vice President, Technology and Operations, mobile +358 40 758
6580
DISTRIBUTION:
NASDAQ OMX Helsinki Ltd, main media, www.raute.com
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 2008
were EUR 98.5 million and the number of personnel 573. More information on the
company can be found at www.raute.com.