Tue October 30 08:34 am 2012 in category Stock exchange releases
Nokian Tyres plc Stock Exchange Release 30 October 2012, 8:30 a.m.

Nokian Tyres to adjust production in 2013 at Nokia plant

Nokian Tyres will start statutory negotiations on 5 November 2012 at its Nokia plant to adjust the production to meet the market situation. With the negotiations the company aims to adjust the utilization of the production capacity and create cost savings.

The agenda of the negotiations includes possible changes in shift system and utilization of short-time working method. The possible adjustments have been planned to be done mainly with layoffs during year 2013. The negotiations concern approximately 600 workers and staff at car tyre production, maintenance and quality departments at Nokia as well as all 260 of Nokian Heavy Tyres’ employees. Possible personnel cuts will amount to a maximum of 45 persons.

Nokian Tyres plc
Antti-Jussi Tähtinen
Vice President, Marketing and Communications

Further information:

Mr. Esa Eronen, VP Production Technology, tel: +358 10 401 7281 and Mr. Jarmo Puputti, Director, Nokian Heavy Tyres Ltd., tel. +358 10 401 7995.

Distribution: NASDAQ OMX Helsinki, media and www.nokiantyres.com