Press release
March 5, 2009

Personnel negotiation results in Finland

As a result of personnel negotiations ended in Onninen Oy at 26.2.2009, number of personnel is downsized by 46 persons by lay-offs. Temporary lay-offs of the whole personnel in Finland will be maximum of 15 working days. Onninen Express in Varkaus will be closed. In the start of the negotiations needed personnel reductions were estimated to be 160 persons.

Retirement packages and ending of temporary employments will add the personnel reductions by approximately 100 persons during 2009. – This year will still be challenging and we estimate the government recovery actions to have an effect earliest at year-end, says President & CEO Harri Sivula. – However, Onninen still offers the widest network in Finland for our customers.

Further information:
President and CEO Harri Sivula, tel. +358 (0)50 65 692
Senior Vice President, Group Communications Kai Puustinen,
tel. +358 (0)40 776 7068

Onninen provides comprehensive materials services to contractors, industry, public organizations and technical product retailers.  We are a family-owned company and have operated in the industry since 1913. We have 3,000 employees in our Finnish, Swedish, Norwegian, Polish, Russian and Baltic operations. Our net sales for 2008 totaled EUR 1.75 billion.