Fiskars plans restructuring of Sorsakoski cookware factory

Fiskars Corp.       Press Release           June 10, 2013 Fiskars strives towards an efficient and competitive supply chain. As a part of developing the Group’s manufacturing operations, Fiskars has renewed processes and production at the Sorsakoski cookware factory to meet efficiency and quality demands. The plan is to continue improving competitiveness actively, and to renew operating models at the factory. Due to increased efficiency of the manufacturing operations and the uncertain market environment, Fiskars has reviewed the cost structure of the Sorsakoski cookware factory and plans to  restructure the factory’s operations to improve competitivess of cost structures and operating models. Due to the planned restructuring, the factory will hold codetermination negotiations that could lead to a maximum permanent reduction of 16 positions. Currently, the factory employs a total of 96 persons. Further Information: Risto Gaggl, SVP, Supply Chain, tel. +358 204 39 5172 Anu Ilvonen, Director, Corporate Communications, 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 748 million in 2012, and employs some 4,100 people in over 20 countries. www.fiskarsgroup.com