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PRESS RELEASE 30 Nov 2010

Pöyry comments the statutory employee negotiations in Finland

 

PÖYRY PLC          Press release 30 November 2010 at 11.30 a.m.

 

Pöyry has concluded the statutory employee negotiations announced on 14 October at its largest legal unit in Finland, Pöyry Finland Oy. The negotiations are ongoing in some of the legal units that are covered by the negotiations. Regarding the Finnish operations the estimates announced on 28 October on the need for personnel reductions are still valid. At that time Pöyry announced that the reduction in capacity, of the currently active workforce, is estimated to correspond to 250-350 persons, and in addition to this, the future outlook for the workforce of about 200 persons temporarily laid off will be carefully considered. The estimate includes both operative and non-operative personnel.

 

Pöyry will make decisions regarding the on-going negotiations only when the negotiations have been concluded with all the legal units covered by the negotiations process. The decisions will then be published.

 

Development of processes supporting the operations will be continued as part of the operational excellence programme as announced on 28 October 2010.

 

Pöyry has published related stock exchange releases on 14 and 28 October 2010.

 

PÖYRY PLC

 

Additional information by:
Camilla Grönholm, Executive Vice President, Human Resources, Pöyry PLC, Finland
Hanna-Mari Tuovinen, Communications Director
Contacts: tel. +358 10 33 21178

 

Pöyry is a global consulting and engineering company dedicated to balanced sustainability. We offer our clients integrated management consulting, total solutions for complex projects and efficient, best-in-class design and supervision. Our in-depth expertise extends to the fields of energy, industry, urban & mobility and water & environment. Pöyry has 7000 experts operating in about 50 countries, locally and globally. Pöyry's net sales in 2009 were EUR 674 million and the company's shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).

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www.poyry.com