Thu October 9 02:38 pm 2014 in category Stock exchange releases

Statutory negotiations at Nokian Tyres’ Finnish factory ended

The statutory negotiations at Nokian Tyres’ Finnish factory concerning workers and staff in car tyre production, maintenance and quality departments ended on 9 October 2014. Adjustments to production capacity utilization as well as cost savings will be achieved mainly with temporary lay-offs and transfers to new positions. In addition, a pension plan for two employees comes into effect.

The car tyre production will be cut through temporary lay-offs by not more than 21 production days during 2014, and by a maximum of 38 production days in 2015, subject to the market situation.

The Nokian Tyres’ Finnish factory has approximately 570 workers and staff in the car tyre production.

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

Further information: Mr. Esa Eronen, VP Production Technology, tel: +358 10 401 7281