Suominen Nonwovens issues layoff warning

SUOMINEN CORPORATION             STOCK EXCHANGE RELEASE 12 JANUARY 2009         


SUOMINEN NONWOVENS ISSUES LAYOFF WARNING                                        

Due to the general market situation, and on the basis of estimates by customers,
a temporary decline is predicted in demand for nonwovens produced by Suominen.  
Therefore, the Suominen Nonwovens business unit will initiate employee          
negotiations concerning potential lay-offs that involve the entire personnel,   
approximately 190 people. The intention is to implement the lay-offs, estimated 
to total 80 days this year, in short periods, applicable to the entire staff, or
parts of it, depending on the development of demand for nonwovens.              


Tampere, 12 January 2009                                                        


SUOMINEN CORPORATION                                                            


Petri Rolig                                                                     
President and CEO                                                               



For additional information please contact:                                      
Mr. Petri Rolig, President and CEO, tel. +358 (0)10 214 300                     
Mr. Arto Kiiskinen, Vice President and CFO, tel. +358 (0)10 214 300

Latest news

Changes in company's own shares, European Regulatory News
STOCK EXCHANGE RELEASE May 21, 2024

Suominen – transfer of the company’s own shares

Calendar of Events, European Regulatory News
STOCK EXCHANGE RELEASE May 7, 2024

Change in the publishing date of Suominen’s Interim Report for January-September 2024

Interim report, European Regulatory News
STOCK EXCHANGE RELEASE May 7, 2024

Suominen Corporation’s Interim Report for January 1 – March 31, 2024: Gradual improvement in profitability