Temporary adjustments at Rautaruukki's Kalajoki...
Press release 7 October 2008 at 15:00
Rautaruukki's Ruukki Construction division is to temporarily scale
back the manufacture of heavy construction structures at the
Ylivieska and Kalajoki plants in Finland. Production volumes are
being adjusted during the end of this year to realign them with
slightly lower than anticipated demand for heavy structures in the
Nordic market. Projects currently being tendered for and under
negotiation are expected to translate into plant deliveries by the
turn of the year or in early 2009 at the earliest.
In this context, employer-employee negotiations concerning any
lay-offs will start within a week. Any lay-offs are expected to last
three months at the most and apply to approximately 50 persons.
For further information, please contact: Saku Sipola, President,
Ruukki Construction,
tel: +358 20 592 8979
Rautaruukki supplies metal-based components, systems and integrated
systems to the construction and mechanical engineering industries.
The company has a wide selection of metal products and services.
Rautaruukki has operations in 25 countries and employs 14,990 people.
Net sales in 2007 totalled EUR 3.9 billion. The company's share is
quoted on the OMX Nordic Exchange Helsinki (Rautaruukki Oyj: RTRKS).
The Corporation has used the marketing name Ruukki since 2004.
www.ruukki.com
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.