LASSILA & TIKANOJA PLC Stock exchange announcement 25 January 2010 9.00 am
LASSILA & TIKANOJA CONCLUDED PERSONNEL NEGOTIATIONS
Lassila & Tikanoja has concluded statutory employer-employee negotiations which
began on 8 December 2009. As a result of these negotiations, L&T will reduce 110
salaried employee positions in Finland. The reductions will be realised partly
through natural attrition. The number of redundancies is expected to be 95 at
the maximum, consisting of 80 salaried employees and 15 senior salaried
employees.
The reductions form part of the measures currently undertaken in order to reduce
fixed costs and to adapt business activities to meet current and future market
situation.
Employees affected by the reduction are being supported by L&T in various ways.
New tasks within the company are actively being sought for persons concerned.
Additional support is being provided in the form of relocations and job-seeking
training.
LASSILA & TIKANOJA PLC
Jari Sarjo
President and CEO
For additional information please contact Mr. Ville Rantala, CFO, tel. +358
50 385 1442
Lassila & Tikanoja specialises in environmental management and property and
plant support services and is a leading supplier of wood-based biofuels,
recovered fuels and recycled raw materials. With operations in Finland, Sweden,
Latvia and Russia, L&T employs 9,100 persons. Net sales in 2008 amounted to EUR
606 million. L&T is listed on NASDAQ OMX Helsinki.
Distribution:
NASDAQ OMX Helsinki
Major media
www.lassila-tikanoja.com