Stock Exchange Releases
The codetermination negotiations concerning fixed-term layoffs for personnel in Tulikivi Corporation’s soapstone production, quarrying and related support functions were concluded today.
The layoff requirement varies from one production plant to another according to the level of demand for products.
Layoffs will take place at Juuka and Suomussalmi in the form of fixed-term layoffs of no more than 90 days. The layoffs will affect a maximum of 245 people.
The layoffs are expected to take place between the current autumn and summer 2013.
According to Tulikivi’s Managing Director, Heikki Vauhkonen, no significant growth is forecast in the demand for soapstone fireplaces during the coming winter. The need for layoffs varies considerably from one production plant to another. The codetermination negotiations did not concern Tulikivi’s ceramic fireplaces, interior stone products or the sauna business.
Distribution: NASDAQ OMX Helsinki
Further information: Tulikivi Corporation, 83900 Juuka, www.tulikivi.com
– Chairman of the Board of Directors Matti Virtaala, tel. +358 (0)207 636 666
– Managing Director Heikki Vauhkonen, tel. +358 (0)207 636 555
Tulikivi comprises the Tulikivi Corporation, which is a listed family enterprise, and its subsidiaries. Tulikivi is the world’s largest manufacturer of heat-retaining fireplaces. The company has three product groups: Fireplaces, Sauna and Interior. Tulikivi and its customers value wellbeing, interior design and the benefits of bioenergy. Tulikivi’s net sales are approximately EUR 60 million, of which exports account for about half. Tulikivi employs over 400 people.