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
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