Nokian to reduce heavy tyre output

ERJ staff report (DS)

Nokia, Finland -- Management at Nokian Tyres has completed a statutory negotiation with employees with the announcement that the main working pattern of the heavy tyre production plant will move to a discontinuous five-day three-shift model, with up to 260 employees laid off for up to a year.

Nokian Heavy Tyres Ltd produced approximately 8 percent of the Nokian Tyres Group's Net sales and approximately 5 percent of the group's Operating result in 1-9/2011.

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Press release from Nokian Tyres

Correction to press release from Nokian Tyres