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Suominen Flexibles to start employee negotiations in Finland

Suominen Flexible Packaging Ltd., a part of the Suominen Corporation Group, will start employee negotiations in Finland on 13 September 2010. A negotiation proposal has been given today and the negotiations will concern the entire personnel of Suominen Flexible Packaging Ltd. and the employees of Suominen Corporation in Tampere. Possible headcount reduction will be approximately 120 people. Possible termination of employee contracts will take place between October 2010 and summer 2011, after concluding the employee negotiations.
The negotiations concern possible termination of production at the Nastola plant and production transfers to the other plants of Suominen Flexibles. In addition, the negotiations concern restructuring of the operations at the Tampere plant and production transfers to the plants in Poland and Ikaalinen in Finland. As a result of the above mentioned measures, the tasks of the white-collar employees of Tampere and Nastola are planned to be reorganised. The measures are made to secure the long-term competitiveness of Flexibles' operations.

Helsinki, 2 September 2010

SUOMINEN CORPORATION

Board of Directors

  For additional information please contact: Mr. Petri Rolig, President and CEO, tel. +358 (0)10 214 300 Mr. Mikko Pellinen, Vice President and General Manager, tel. +358 (0)10 214 2201