Vantaa, Finland 07 January 2014 -- The statutory employee negotiations started in November 2013 in the industry-related business units of the Regional Operations and the Industry Business Group in Finland have been completed. The initial plan was aimed at reducing capacity by approximately 200 people including temporary layoffs and permanent reductions.

Based on the negotiations the overall capacity will be reduced by a maximum of the capacity of 200 people, including temporary layoffs and permanent reductions by a maximum of 25 people. Temporary layoffs until further notice commence in stages, beginning in January and depend on the prevailing market situation and workload.