Tulikivi Corporation is to begin codetermination negotiations concerning its entire personnel, with the aim of implementing the company’s performance improvement programme.

Tulikivi plans to reduce its workforce, introduce layoffs and reorganise the company’s functions and the job descriptions of personnel. The savings measures under the performance improvement programme cover all the Group’s functions and locations.

The company estimates that it needs to reduce personnel by approximately 90 people. The codetermination negotiations will last at least six weeks.

TULIKIVI CORPORATION

Board of Directors

Distribution: NASDAQ OMX Helsinki
Key media
www.tulikivi.com

Additional information: Tulikivi Corporation, 83900 Juuka, www.tulikivi.com
– Heikki Vauhkonen, Managing Director, tel. +358 (0)207 636 555
– Harri Suutari, Chairman of the Board of Directors, tel. +358 (0)400 384 937