Due to delays in commercialization of new customer projects, Suominen anticipates that the demand for nonwovens products supplied by its Nakkila plant in Finland remains lower than anticipated during the second half of the year.
Due to delays in commercialization of new customer projects, Suominen anticipates that the demand for nonwovens products supplied by its Nakkila #
To adjust the production volumes of the plant with the current business environment, Suominen Nonwovens Ltd initiates codetermination negotiations concerning potential temporary lay-offs involving its operations personnel as well as the employees working in administrative and support functions related with operations, in total approximately 75 people.
Due to delays in commercialization of new customer projects, Suominen anticipates that the demand for nonwovens products supplied by its Nakkila #
The potential temporary lay-offs would be implemented full time or part time in shorter periods as of August until December 2014, including the months in question. At most, the potential lay-off period would be 60 days per person.
Due to delays in commercialization of new customer projects, Suominen anticipates that the demand for nonwovens products supplied by its Nakkila #
The potential temporary lay-offs have no impact on the outlook statement provided by Suominen regarding the expected development of its net sales and operating profit in 2014.
Due to delays in commercialization of new customer projects, Suominen anticipates that the demand for nonwovens products supplied by its Nakkila #
About Suominen
Suominen supplies its industrial and retail customers with nonwovens and flexible packaging for use in consumer products worldwide. Suominen is the global market leader in nonwovens for wipes. The company employs more than 1,000 people in Europe and in the Americas. Suominen’s net sales in 2013 amounted to MEUR 433.1 and reported operating profit excluding non-recurring items was MEUR 18.3 (continuing operations).
Due to delays in commercialization of new customer projects, Suominen anticipates that the demand for nonwovens products supplied by its Nakkila #
Suominen Corporation
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