Members of Union of Salaried Employees start we...

Rautaruukki Corporation Stock exchange release 1 December 2009 at 8:30 Around 400 members of the Union of Salaried Employees TU started a strike at 6am today, 1 December 2009, after negotiations between the Federation of Finnish Technology Industries and TU foundered. The week-long strike will end on 8 December at 6am and affects Ruukki's operations based at the Raahe Works. The strike will stop hot-rolling production and the cutting lines at the Raahe Steel Works. Consequently, the manufacture of these products at the works and delivery to customers and the company's own processing functions will be at a standstill at the start of the week. There is also disruption in order processing. Despite the strike, all functions essential to the personnel, processes and environmental safety are being maintained. Raahe provides rolled and partly processed steel products for further processing at the company's Hämeenlinna Works, tube mills and steel service centres. Around one third of deliveries from Raahe are direct customer deliveries. The strike will mostly affect Ruukki Metals, which will try to use its Nordic service centre network and stocks to safeguard customer deliveries. The strike will not significantly affect the operations of Ruukki Engineering and Ruukki Construction divisions or Ruukki's units outside Finland. It is estimated the strike will weaken the consolidated operating profit for the fourth quarter by around EUR 6 million. For further information, please contact: Olavi Huhtala, President, Ruukki Metals tel. +358 20 592 9157 Sakari Kallo, SVP, Production, Ruukki Metals tel. +358 20 592 8888 Rautaruukki Corporation Anne Pirilä SVP, Corporate Communications and Investor Relations Rautaruukki supplies metal-based components, systems and integrated systems to the construction and engineering industries. The company has a wide selection of metal products and services. Rautaruukki has operations in 27 countries and employs 12,200 people. Net sales in 2008 totalled EUR 3.9 billion. The company's share is quoted on NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). The Corporation uses the marketing name Ruukki. DISTRIBUTION: NASDAQ OMX Helsinki Main media www.ruukki.com This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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