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Tikkurila initiates co-operation negotiations on temporary layoffs in Finland, prepares for the impacts of coronavirus related restrictions

01.04.2020

Tikkurila Oyj, Press release, 1 April, 2020 at 17.00

 

Tikkurila Oyj initiates co-operation negotiations on temporary layoffs in Finland. Through the negotiations, Tikkurila prepares for the weakening demand due to the tightening regulations, and the economic and production-related impacts it will have.

"We anticipate this exceptional situation to impact our business operations in all market areas, including Finland. The measures taken to curb the spreading of the virus are necessary, but they are expected to decrease the workload. Also, effective remote work is not possible in all roles", says Elisa Markula, Tikkurila’s CEO.

"It is currently very difficult to assess the full impact or the duration of this crisis, but co-operation negotiations will enable us to adjust our operations to a rapidly changing situation. During the negotiations we will try to find the best possible alternative for all Tikkurila employees."

All Tikkurila’s employees in Finland are included in the negotiations. According to current estimates, the measures may lead to temporary full-time or part-time layoffs of personnel for the maximum duration of 90 days. The final extent and duration of the layoffs as well as the details of the implementation will be specified further later.

Tikkurila is preparing to adjust its operations also in other countries.In 2019, Tikkurila employed on average of 2,700 people, of which 500 in Finland.

Additional info on:

Tapio Pesola, Director, Investor Relations and Communications
+358 44 373 4693, tapio.pesola@tikkurila.com


About us

Sustainable Nordicness
Tikkurila is a leading Nordic paint company with expertise that spans decades. We develop premium products and services that provide our customers with quality that will stand the test of time and weather. We operate in around ten countries and our 2,600 dedicated professionals share the joy of building a vivid future through surfaces that make a difference. In 2019, our revenue totaled EUR 564 million. The company is listed on Nasdaq Helsinki. Nordic quality from start to finish since 1862. 

www.tikkurilagroup.com

Contact

Tikkurila Oyj
P.O. Box 53, Heidehofintie 2 FI-01300 Vantaa Finland
+358 20 191 2000
www.tikkurilagroup.com