Stock exchange release
April 1, 2009
Codetermination negotiations concluded at the Iittala Group plants
CODETERMINATION NEGOTIATIONS CONCLUDED AT THE IITTALA GROUP PLANTS Fiskars Corporation's subsidiary Iittala Group Ltd. has concluded codetermination negotiations with personnel at its plants in Arabia (Helsinki), Iittala, and Nuutajärvi. On the basis of these, the company has decided to make 51 employees redundant. In addition, eight people will leave the company under other arrangements. Approximately 300 employees will be temporarily laid off, for around ten weeks at the glassworks Iittala and Nuutajärvi, and for around six weeks at the Arabia plant. The codetermination negotiations covered around 450 people in Finland. The initial estimate at the start of negotiations was that around 60 people could be made redundant. Further information: Tero Vähäkylä, President, Iittala Group Ltd, tel +358 204 39 5306 Pia Nybäck, Director, Arabia plant, Iittala Group, tel. +358 204 39 5223 Osmo Strengell, Director, Glass Factories, Iittala Group, tel. +358 204 39 6249 FISKARS CORPORATION Kari Kauniskangas Fiskars is a leading global supplier of consumer products for the home, garden and outdoors. The group has a strong portfolio of trusted international brands including Fiskars, Iittala, Gerber, Silva, and Buster. Associated company, Wärtsilä Corporation, is also an important part of the group, and forms one of Fiskars' operating segments, together with the Americas, EMEA, and Other. Founded in 1649 and listed on NASDAQ OMX Helsinki, Fiskars is Finland's oldest company. Fiskars recorded net sales of €697 million in 2008, and employs some 4,100 people. www.fiskars.fi