
Stock exchange release
May 7, 2009
Fiskars to start codetermination negotiations at its plant in Billnäs
FISKARS TO START CODETERMINATION NEGOTIATIONS AT ITS PLANT IN BILLNÄS Fiskars Brands Finland will start codetermination negotiations on redundancies and temporary lay-offs with personnel in its manufacturing plant in Billnäs, Finland. These negotiations will cover around 380 people, and redundancies are expected to involve a maximum of 15 employees. The required lay-offs are expected to last for around six weeks. The objective of negotiations is to adapt the plants' operations to the uncertain market situation. Further information: Teemu Kangas-Kärki, Chief Financial Officer, Fiskars Corp., tel. +358 9 6188 6231 Jari Ojala, Director, Billnäs plant, Fiskars Garden EMEA, tel. +358 50 306 1079 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