Codetermination negotiations concluded at Fiskars Home's ceramics factory

 Fiskars Corp.   Press Release   March 14, 2011

The codetermination negotiations started at Fiskars Home’s ceramics factory in Helsinki (Arabia factory) on 18 January have now been concluded. The aim of the negotiations was to achieve new levels of flexibility and secure the factory’s long-term future competitiveness in line with Fiskars’ updated ceramic products production strategy.

All 230 employees at the Arabia factory were covered by the codetermination negotiations and the reduction in personnel was expected to involve a maximum of 95 people. Following the conclusion of the negotiations, a total of 73 employees will be affected, of which 68 will be made redundant and five others will leave the company under other arrangements. Fiskars is committed to supporting everyone who is made redundant and assisting them in finding a new job.

Further Information:

Communications Manager Anu Ilvonen
Tel. +358 204 39 5446

Fiskars is a leading global supplier of consumer products for the home, garden and outdoors. The group has a strong portfolio of respected international brands, including Fiskars, Iittala and Gerber. Founded in 1649 and listed on NASDAQ OMX Helsinki, Fiskars is Finland’s oldest company. Fiskars recorded net sales of EUR 716 million in 2010, and employs some 3,600 people in over 20 countries.