Suominen plans temporary lay-offs amid weak environment

To adjust the operations of the plant with the current business environment, Suominen Kuitukankaat Oy initiates codetermination negotiations concerning potential temporary lay-offs involving its production personnel as well as the personnel working in administrative and support functions related with production, in total approximately 75 people.

The potential temporary lay-offs would be implemented in shorter periods as of October 2013 until April 2014, including the months in question. At most, the potential lay-off period would be 90 days per person.

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 United States. Suominen’s net sales in 2012 amounted to MEUR 410.4 and operating profit excluding non-recurring items was MEUR 12.9 (continuing operations).

Suominen