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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.

9th March 2009/by Tyrepress Editors

Nokian Further Expands Forest Rider Range

The Nokian Forest Rider product family has been expanded with new sizes intended for large and heavy tractors. These further additions to the Forest Rider range are designed, says Nokian, for demanding and highly challenging usage conditions such as the harvesting of energy wood and building & maintaining forest roads. Suitable for tractors ranging from 200 to 500 horsepower, the new products fill a gap in the Finnish manufacturer’s existing line-up.

24th February 2009/by Tyrepress Editors

Nokian Tyres’ Kazakhstan JV on Hold

International News, Product News

Amongst the announcements made upon the public release of the Nokian Tyres 2008 financial statement is news that the company’s joint venture in Kazakhstan has been put on hold. The project with Ordabasy Corporation, agreed upon in 2007, has been paused by mutual agreement, Nokian reports. The company adds that the project may be re-launched, at the earliest, in late 2010. An agreement has been made to return an advance payment of 12 million euros, made for technical support, to Ordabasy.

11th February 2009/by Tyrepress Editors

Nokian Net Income Down 17% in 2008

Sales at Nokian Tyres increased 5.5 per cent in the twelve months to December 31, 2008, totaling 1.08 billion euros for the year. During the final quarter of the 2008 year, however, sales slumped 24.9 per cent to 267.7 million euros. Annual operating profit, at 247.0 million euros, was also up 5.5 per cent, however during the final quarter it more than halved to 46.5 million euros. Net profit for the 12 months amounted to 139.9 million euros, 17.2 per cent less than in 2007. Nokian Tyres reports a net loss of 11.6 million euros for the final quarter.

11th February 2009/by Tyrepress Editors

Nokian Heavy Tyres Negotiating Production Cutbacks

Nokian Heavy Tyres Ltd reports that on January 20 it commenced new statutory negotiations in order to adjust heavy tyre manufacturing and inventories in line with decreasing demand for the products. The negotiations include a plan to change the work pattern used in heavy tyre production and to reorganise operations. Such plans and production adjustments will lead to 50 staff being made permanently redundant, and another 230 being laid off until further notice, or for a certain period. A proportion of these lay-offs, permanent or otherwise, could be covered by pension arrangements or other voluntary solutions, Nokian adds.

20th January 2009/by Tyrepress Editors

Nokian Announces Further Redundancies, Layoffs

Nokian Car and Van has responded to reduced demand with a raft of job cuts and temporary layoffs. The company has eliminated a total of 232 jobs, of which 106 are to be covered by pension arrangements. In addition, a further 440 people will be temporarily furloughed in 110 batches over a nine-week cycle, plus 62 more are to be laid off until further notice.

20th January 2009/by Tyrepress Editors

Nokian Launches Hakkapeliitta 7

Nokian Tyres is introducing a new Hakkapeliitta winter tyre. Called the Hakkapeliitta 7, the studded tyre has been developed for demanding and quickly changing winter conditions. Nokian says the tyre, which replaces the Hakkapeliitta 5, combines its winter properties with driving comfort. Driving comfort was chosen as an essential target for improvement, the Finnish manufacturer adds, and has been enhanced without compromising levels of grip.

12th January 2009/by Tyrepress Editors

Statutory Negotiations at Nokian Concluded

Statutory negotiations at Nokian Heavy Tyres were concluded on December 19 with the company taking the decision to lay off a number of employees for approximately six months. Nokian cites the decreased demand for heavy tyres demand caused by the financial crisis and a subsequent reduction in production, as the reason behind the lay-offs.

19th December 2008/by Tyrepress Editors

Nokian Negotiations End With Six-Month Layoff

The statutory negotiations at Nokian Heavy Tyres ended on the 19th of December, 2008 with the decision to lay off the employees for approximately six months. The reason for the lay-offs is the decreased heavy tyre demand caused by the financial crisis, which has created the need to reduce production in line with the lower demand.

The decision concerns some 280 employees and all personnel groups at Nokian Heavy Tyres. Depending on the job, the lay-offs will last from 10 to 100 days, which corresponds to the lay-off of around 90 employees for six months. The majority of lay-offs will be carried out from January to June 2009. Part of the adjustment needs will be executed by pension arrangements. The walkout of Nokian Heavy Tyres production personnel which started on Thursday, December 18, 2008 ended on December 19, 2008 at 10.30 a.m.

19th December 2008/by Tyrepress Editors

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.

18th December 2008/by Tyrepress Editors

Nokian Tyres Anticipating Lower Net Sales and Operating Profit

Nokian Tyres reports that its fourth quarter sales have been “weaker than expected” and the company’s operating profit will be lower than the set target. The company says it will not reach its previously communicated sales target for 2008 of 1,150-1,200 million euros. This downward revised estimate comes in spite of an anticipated five per cent growth in group net sales during 2008, and operating profit that is estimated to be on the previous year’s level.

12th December 2008/by Tyrepress Editors

Nokian Using Russian Capacity in Difficult Market Conditions

Nokian’s decision to reduce its Finland-based tyre production output from 6 million to 4.5 million tyres will be coupled with increased Russian capacity, financial analysts have reported. According to a recent Deutsche Bank report, “[Although] current demand is smaller than Nokian’s capacity…Nokian is reacting quickly by reducing capacity in order to maintain a high proportion of high priced products.”

10th December 2008/by Tyrepress Editors

Nokian Begins Job Cut Talks

Nokian Tyres has today begun new statutory negotiations in order to adjust operations and to cut personnel by approximately 450 people at its Nokia factory in Finland, due to the decreased demand for tyres. The agenda of the negotiations includes a plan to change the working model of the car tyre production from the current continuous three-shift/seven days work to the discontinued three-shift/five days operations and to re-organise operations. This would result in the annual production capacity at the Nokia factory to fall from the current 6 million or so tyres to around 4.5 million tyres in 2009.

The discontinued three-shift work and the re-organisation measures would create a need to cut personnel by some 450 people, of which approximately 100 would be white-collar personnel. The aim is to carry out part of the personnel cuts by pension arrangements and other voluntary solutions.
The new factory working model and re-organisations would reduce Nokian Tyres’ costs in Nokia by around 30 million euros.

9th December 2008/by Tyrepress Editors

Temporary Layoff Agreed For Nokian Employees

The statutory negotiations concerning the lay-offs of the Nokian Tyres employees at the Nokia factory in Finland ended on the 19th November, 2008. The company decided after the negotiations to lay off its personnel for 10 days and the majority of the employees will be laid off between 21.12.2008 and 11.1.2009.

19th November 2008/by Tyrepress Editors

Nokian Production Cuts Mean Layoffs on the Cards

In Finland, Nokian Tyres is blaming the global financial crisis for the need to adjust production and improve productivity at its factory in the city of Nokia. Possible adjustment measures, says the tyremaker, include lay-offs of approximately 1,000 employees working at the factory December 21 to January 11.

31st October 2008/by Tyrepress Editors