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Nokian Tyres withdraws financial guidance for 2020

Due to the COVID-19 outbreak and the uncertainty it has created within the automotive and tyre market, the Board of Directors of Nokian Tyres plc has decided to withdraw the company’s financial guidance for 2020 that it published on 4 February 2020. Due to the prevailing uncertainties, the Board is not in a position to give a new guidance.

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Related news:

  1. Nokian Tyres consulting on up to 90-day factory lay-offs
  2. Nokian Tyres temporarily closes US and Russian factories
  3. Coronavirus stunts Nokian Tyres’ dividend – for now
  4. Nokian Tyres back at work in the USA
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Nokian Tyres consulting on up to 90-day factory lay-offs

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Nokian Coronavirus response

Nokian Tyres plc has entered into “employee cooperation negotiations” regarding planned temporary lay-offs affecting Nokian Tyres plc personnel based in Finland.

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Related news:

  1. Nokian and Matador To Commence Contract Manufacturing
  2. Nokian Tyres adjusting output in Russia, freezes hiring at new USA plant
  3. Nokian suspends international travel due to Covid-19
  4. Nokian Tyres stopping production for two weeks in April
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