
Stock exchange release
October 7, 2009
Fiskars Home to simplify its organization and begin codetermination negotiations at the Iittala Group
FISKARS HOME TO SIMPLIFY ITS ORGANIZATION AND BEGIN CODETERMINATION NEGOTIATIONS AT THE IITTALA GROUP Fiskars Corporation's subsidiary, Iittala Group Ltd, is to simplify its organizational structure and initiate further measures to adapt its cost structure to the current challenging market situation. As a result of these organizational changes, Iittala Group Ltd will start codetermination negotiations with employees on possible redundancies. Negotiations will cover a total of approximately 160 of the company's office and managerial personnel in Finland. Possible redundancies are estimated to affect around 35 people. Further information: President & CEO Kari Kauniskangas, tel. +358 9 6188 6222 FISKARS CORPORATION Kari Kauniskangas President and CEO 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 EUR 697 million in 2008, and employs some 3,800 people. www.fiskars.fi