Stock Exchange Releases
For production-related and economic reasons, Tulikivi Corporation is to begin co-determination negotiations on temporary layoffs of no more that 90 days in its soapstone production.
The temporary layoffs of no more than 90 days would affect soapstone production and quarrying and the support activities for these at Juuka and Suomussalmi. The co-determination negotiations concern approximately 250 persons. Tulikivi will negotiate on the implementation of layoffs in accordance with the demand situa-tion during this fall and summer 2013.
Managing Director Heikki Vauhkonen says that no significant growth is forecast in the demand for soapstone fireplaces during the coming winter. For this reason the plan is to continue the layoff measures in order to safeguard profitability. The co-determination negotiations do not concern ceramic fireplaces, interior stone products or the sauna business.
Distribution: NASDAQ OMX Helsinki Ltd
Further information: Tulikivi Corporation, 83900 Juuka, www.tulikivi.com
– Chairman of Board of Directors Matti Virtaala, tel. +358 (0)207 636 666
– Managing Director Heikki Vauhkonen, tel. +358 (0)207 636 555