Stock Exchange Releases

Tulikivi Group expands co-determination negotiations


Tulikivi Group expands co-determination negotiations today to cut
the number of personnel by 70 in the Group. The Group’s operations
will be adjusted in line with demand and profitability targets.

The need to downsize the personnel will affect both workers and
clerical employees throughout the Group. There is particular need
to reduce the number of employees in the utility ceramics business
and lining stone business. The negotiations concern Tulikivi
Group’s operations in Juuka, Suomussalmi, Espoo, Helsinki,
Taivassalo, Kuhmo and Heinävesi.

A listed family company, Tulikivi Corporation and its subsidiaries
form the Tulikivi Group, the world’s largest manufacturer of heat-
retaining fireplaces. The Group is known for its Tulikivi
soapstone fireplaces and natural stone products as well as its
Kermansavi tiled stoves and utility ceramics. The Group’s revenue
amounts to over EUR 80 million, about half of which is accounted
for by exports. The Group owns seven production plants and employs
about 700 people.


Heikki Vauhkonen
Managing Director

Distribution: OMX Nordic Exchange in Helsinki
Central media

For additional information, contact: Tulikivi Corporation´s
Managing Director Heikki Vauhkonen, tel. +358 207 636 555