Statutory Negotiations End At Nokian Heavy Tyres

The statutory negotiations at Nokian Heavy Tyres Ltd ended on March 9, 2009. The results of the negotiations were to cut personnel numbers by four office employees and 29 factory employees. Part of the personnel cuts will be carried out through pension arrangements. Adjustment measures will also include temporary lay-offs for all personnel and factory stoppages as needed. In addition, 34 factory employees will be laid off until further notice.

Costs will be reduced and operations re-organised in line with solutions which have been mutually agreed with the personnel. The working model of the heavy tyre production will change to discontinued three-shift/five day operations. The reason for the adjustment measures is the decreased heavy tyre demand caused by the global recession, which has created the need to adjust production in line with the lower demand. Following these measures Nokian Heavy Tyres Ltd employs approximately 240.