Nokian Employees Walkout in Protest of Production Adjustments

At midday on December 18, production personnel at Nokian’s heavy tyres factory in Nokia, Finland, walked out to protest against the company’s plans to adjust production capacity. According to an employees’ announcement, the workout will last until 10pm on Friday, December 19. Nokian adds that statutory negotiations regarding the adjustment measures are continuing and will end on Monday, December 22, 2008.

According to a previous announcement, Nokian Heavy Tyres is considering laying off some 100 employees for approximately 7-8 months as of January 2009.