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Suominen concluded employee negotiations at Tampere and Nastola plants

Employee negotiations started in March 2008 at Suominen Flexible Packaging’s Tampere and Nastola plants have been concluded. As a result of the negotiations, 20 employment contracts will be terminated. In addition a reduction of 9 persons will be made through pension or other arrangements.
The employee negotiations were started to secure the competitiveness of Flexible Packaging’s Finnish plants. During the negotiations a reduction of 21 persons has taken place through natural redundancy or termination of fixed-term contracts. The total headcount reduction will be 50 persons, of which 48 at Tampere and 2 at Nastola.

In Tampere, 15 April 2008

SUOMINEN CORPORATION Kalle Tanhuanpää President and CEO   Additional information: Mr. Petri Rolig, Vice President and General Manager, Suominen Flexible Packaging, tel. +358 (0)50 5774 245