Kemira Group
Stock Exchange Release
April 15, 2009 at 9.30 am (CET+1)
Tikkurila has concluded its co-determination negotiations in Finland. The outcome of the negotiations will see a personnel reduction at the Vantaa site of 163, with 13 employees being made redundant. The majority of personnel reductions will be achieved by the non-renewal of temporary employment contracts and by means of pension arrangements and a voluntary package offered to personnel. When the co-determination negotiations were launched, it was estimated that the savings program, involving the entire Tikkurila Group, might lead to a reduction of approximately 200 persons in Finland.
During the negotiations, an agreement was reached on a support package to be offered to all personnel to be made redundant. The additional benefits included in the support package aim at fast and effective re-employment. Key elements of the support package include a career service to facilitate re-employment, setting up a training and education fund for retraining and re-employment, various pension arrangements, and financial support to employees to be made redundant.
Kemira Oyj
Päivi Antola, Senior Manager, IR and Financial Communications
For more information, please contact:
Tikkurila Group
Eero Katajavuori, Group Vice President, Human Resources & Legal
Tel. +358 9 8577 2853
Erkki Järvinen, President & CEO
Tel. +358 9 8577 2260
Kemira is a focused company, best in water and fiber management chemistry.
In 2008, Kemira recorded revenue of approximately EUR 2.8 billion and had a staff of 9,400. Kemira operates in 40 countries.
