Stock Exchange Releases 2011

24.11.2011 09:30

Tikkurila starts efficiency improvement program and as part of that co-operation negotiations in Finland

Tikkurila Oyj
Stock Exchange Release
November 24, 2011 at 9:30 a.m. (CET+1)

The Board of Directors of Tikkurila decided upon a revised strategy for Tikkurila Group in October. Tikkurila's strategic intent is to be the leading provider of paint-related architectural solutions for consumers and professionals in the Nordic area as well as in Russia and other selected Eastern European countries.

In order to secure the competitiveness in an uncertain and quickly changing market environment, Tikkurila has decided to start a group-wide program aiming at more flexible organization and cost structure, as well as at streamlining all operations. According to the plan, the organization structure will be revised, areas of responsibilities clarified and ways of operating changed. In addition, the roles of different production facilities will be reconsidered and reorganized where applicable.

As part of the planned program, Tikkurila will start co-operation negotiations in Finland. The negotiations will affect all personnel groups and functions of Tikkurila Oyj. According to the company's preliminary estimation, the reduction need is approximately 100 employees at the most. Tikkurila has all in all some 3,700 employees, of which about 750 work in Finland.

Measures to improve efficiency and facilitate structural change will be initiated in all Tikkurila locations and business units during the next few months.


Tikkurila Oyj
Erkki Järvinen


For further information, please contact:
Tikkurila Oyj
Erkki Järvinen, President and CEO
Mobile +358 400 455 913, erkki.jarvinen@tikkurila.com


Tikkurila provides consumers and professionals with user-friendly and sustainable solutions for surface protection and decoration. Tikkurila wants to be the leading paint company in the Nordic area as well as in Russia and other selected Eastern European countries.  - Tikkurila inspires you to color your life.

www.tikkurilagroup.com

 


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