NOKIA, Finland (March 10, 2009)—Nokian Tyres P.L.C. has concluded its talks with employees at its heavy tire unit and will cut personnel by four office employees and 29 factory employees.
Adjustment measures also will include temporary layoffs for all personnel and factory stoppages as needed. In addition, 34 factory employees will be laid off until further notice.
The reason for the adjustment measures is the decreased heavy tire demand caused by the global recession, which has created the need to adjust production in line with the lower demand.