March 18, 2020 / 2:00 PM / 10 days ago

BRIEF-Nokian Tyres Enters Into Employee Cooperation Negotiations On Planned Temporary Lay-Offs

March 18 (Reuters) - Nokian Tyres plc:

* IS ENTERING INTO EMPLOYEE COOPERATION NEGOTIATIONS ON PLANNED TEMPORARY LAY-OFFS BASED ON THE IMPACTS OF COVID-19

* IS ENTERING INTO EMPLOYEE COOPERATION NEGOTIATIONS ON PLANNED TEMPORARY LAY-OFFS AFFECTING NOKIAN TYRES PLC PERSONNEL BASED IN FINLAND

* EMPLOYEE COOPERATION NEGOTIATIONS CONCERN ALL PERSONNEL BASED IN FINLAND AT NOKIAN TYRES PLC, NOKIAN HEAVY TYRES LTD, VIANOR HOLDING OY AND VIANOR OY

* ON CORONAVIRUS: BACKGROUND FOR THESE ACTIVITIES IS DECREASE IN DEMAND IN EUROPEAN CAR AND TIRE MARKET, WHICH IS DUE TO COVID-19 OUTBREAK

* NEGOTIATIONS WILL BEGIN ON MARCH 18, 2020, AND LAST FOR TWO WEEKS, UNLESS AGREED OTHERWISE IN SAID NEGOTIATIONS.

* NEGOTIATIONS CONCERN APPROXIMATELY 1,630 PEOPLE

* PLAN IS TO ACHIEVE NECESSARY LEVEL OF ADJUSTMENT BY USING TEMPORARY LAY-OFFS OF AT MOST 90 DAYS PER EMPLOYEE Source text for Eikon: Further company coverage: (Gdansk Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below