HELSINKI, Finland--(BUSINESS WIRE)--Regulatory News:
Nokian Tyres (HEX:NRE1V):
Nokian Tyres plc Stock Exchange Release 28 September 2015 at 11:15 a.m.
The statutory negotiations concerning workers and staff in car tyre production and administration at Nokian Tyres’ Finnish factory ended today. Adjustments to production capacity utilization as well as cost savings will be achieved by reducing 122 people. Statutory negotiations concerned a total of 900 people.
- Personnel reductions are always unfortunate. Despite the cuts the role of our Nokia factory remains important, not only for the volumes it produces but also in developing new products and production processes, says Ari Lehtoranta, CEO of Nokian Tyres.
The company will organize training and support programs for the dismissed employees to improve their re-employment opportunities.
Nokian Tyres plc
Vice President, Marketing and Communications
Distribution: NASDAQ Helsinki, media and www.nokiantyres.com
Nokian Tyres is the only tyre manufacturer in the world that focuses on customer needs in northern conditions. The company supplies innovative tyres for cars, trucks and special heavy machinery mainly in areas with special challenges on tyre performance: snow, forests and harsh driving conditions in different seasons. Nokian Tyres’ product development is consistently aiming for sustainable solutions for safety and the environment, taking into account the whole life cycle of the tyre. A part of the Nokian Tyres group, the tyre chain Vianor has over 1,300 outlets in 27 countries. In 2014 Nokian Tyres had over 4,200 employees and net sales of approximately 1,4 billion euros. Nokian Tyres’ share is listed on the NASDAQ Helsinki. Further information: www.nokiantyres.com
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