Fiskars to centralize its garden cutting tools manufacturing to its factory in Poland

Fiskars Corporation Press Release May 11, 2016 at 14.00 EET Fiskars to centralize its garden cutting tools manufacturing to its factory in Poland Employee consultations at the Billnäs site in Finland concluded The employee consultations started in March 2016 relating to the reorganization of the manufacturing operations at the Billnäs site, have concluded. As a result of the negotiations, the factory in Billnäs will in the future concentrate on the manufacturing of axes, scissors, and snow tools. Manufacturing of garden cutting tools will be centralized to Fiskars’ manufacturing site in Poland. The consultations concerned 286 employees at the Billnäs site. The total effect on employees is a maximum of 107 reductions which will take place in phases during the years 2016 and 2017. Part of the reductions will take place through retirement arrangements. As a result of the codetermination negotiations, the total reduction of employees in the first phase will be 61. As per the employee consultations, the remaining reductions are estimated to take place in the second half of 2017. Fiskars is committed to supporting the re-employment of affected employees by providing them with training courses. These changes are a part of the Supply Chain 2017 restructuring program with a target to improve competitiveness of Fiskars manufacturing operations and distribution network. Further information: Maija Taimi, Head of Corporate Communications and Corporate Responsibility, tel. +358 204 39 5031, communications@fiskars.com   Fiskars – celebrating centuries of pride, passion and design. Every day. Established in 1649 as an ironworks in a small Finnish village, Fiskars has grown to be a leading consumer goods company with globally recognized brands including Fiskars, Iittala, Gerber, Wedgwood and Waterford. With iconic products, strong brands and global ambitions, Fiskars’ mission is to enrich people’s lives in home, garden and outdoor. Fiskars’ products are available in more than 100 countries and the company employs around 8,700 people in 30 countries. Fiskars is listed on Nasdaq Helsinki. www.fiskarsgroup.com