SUOMINEN FLEXIBLES BEGINS CODETERMINATION NEGOTIATIONS CONCERNING TEMPORARY LAY-OFFS AT THE TAMPERE PLANT

Tampere, Finland, 2012-07-31 08:30 CEST (GLOBE NEWSWIRE) -- Suominen Corporation                                   Stock Exchange Release 31 July 2012 at 9.30 a.m.


SUOMINEN FLEXIBLES BEGINS CODETERMINATION NEGOTIATIONS CONCERNING TEMPORARY LAY-OFFS AT THE TAMPERE PLANT

Due to the general market situation, and on the basis of estimates from customers, the demand for products of Suominen Flexible Packaging Ltd. is estimated to be low during the next six months. Therefore, Suominen Flexible Packaging Ltd. will initiate codetermination negotiations concerning potential temporary lay-offs that involve approximately 170 people at the Tampere plant. The intention is to implement the potential lay-offs, estimated to total 40 days per person, in short periods during the next six months.


Suominen Flexible Packaging Ltd. is a part of Suominen Group. The company operates in Tampere and produces packaging for hygiene and food applications, and retail sector.

Helsinki, 31 July 2012

Suominen Corporation

Nina Kopola
President and CEO


For additional information, please contact:
Mrs. Nina Kopola, President and CEO, tel. +358 (0)10 214 300
Mr. Mikko Pellinen, Vice President and General Manager, tel. +358 (0)50 555 7534


Suominen supplies industry and retailers with nonwovens, wet wipes and flexible packaging for use in consumer products that people use every day – through two business areas: Wiping and Flexibles.


Distribution:
NASDAQ OMX Helsinki
Main media

www.suominen.fi

 

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