Uponor Corporation
Stock exchange release
18 November 2008 17:00
Uponor plans workforce reductions in Germany
In accordance with the company-wide cost reduction programme announced on 12
August, Uponor has initiated union negotiations in Germany with the purpose of
aligning expenses to the low activity level in the building and construction
industry in Europe. Uponor plans to reduce approximately 80 persons from its
Ochtrup-based units, 20 of which can be carried out through early retirement,
discontinuation of fixed-term contracts and other similar measures.
Uponor Corporation
Tarmo Anttila
Vice President, Communications
Tel. +358(0)20 129 2852
DISTRIBUTION
NASDAQ OMX Helsinki
Media
www.uponor.com
Uponor is a leading supplier of plumbing and heating systems for the
residential and commercial building markets across Europe and North America,and
a market leader in municipal infrastructure pipe systems in the Nordic
countries. Uponor's key applications include indoor climate and plumbing
systems. The Group employs 4,200 persons in 27 countries. In 2007, Uponor's
net sales (pro forma) totalled 1,050 million euros, returning an operating
profit of 12.9%. Uponor Corporation is listed on the NASDAQ OMX Helsinki Ltd.,
Finland. http://www.uponor.com