Tamfelt Group has ended the joint consultations according to the Act on Co-operation within Undertakings concerning all personnel groups at the Group’s Tampere plant.

In the negotiation proposal given in December 2008, the estimated number for personnel reduction was 160. In the negotiations, the final figure was determined at 97. 25 of those to be laid off are office staff and 72 shop floor workers. 43 of these will enter a retirement process. In addition, employees at the Tampere plant will be laid off temporarily for 3-6 weeks in the average. The target is to time the temporary lay-offs stepwise. The total amount of the temporary lay-offs will be evaluated over the year according to the demand situation. In the negotiations it was also concluded that fixed-time employments will not be continued after they expire. At the moment, the Tampere plant employs a total of 745 permanent employees. (Stock exchange release, during trade)

In addition to 97 fired personnel, a total of 50 fixed-time employments are not renewed. Reduction accounts for roughly 20% of workers at Tampere. Thus the result is inline with company’s initial target (reduction of 160 employees).

As the trend of paper demand is still downward, the planned temporary layoffs may have to be extend also in H2’09.

*Neutral/Negative news for Tamfelt

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