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Mon December 17 01:30 pm 2012 in category Stock exchange releases
Nokian Tyres plc Stock Exchange Release 17 December 2012, 1.30 p.m.

Statutory negotiations at Nokian Tyres’ Finnish factory ended



The statutory negotiations at Nokian Tyres plc Finnish factory ended on 17 December 2012. Improving productivity and adjusting production will be executed mainly with temporary lay-offs; in addition 28 production workers and officials will be laid off permanently.

The car tyre production will be cut through lay-offs by not more than 42 production days in 2013. Heavy tyre production will be adjusted accordingly by decreasing production volumes and cutting production days.

The Nokian Tyres’ Finnish factory has approximately 600 workers and staff in the car tyre production and 260 people in Nokian Heavy Tyres’ operations.

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, media, www.nokiantyres.com