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Suominen to initiate temporary lay-offs in Nakkila

June 25, 2014

Move coincides with lower than expected demand.

Delays in the commercialization of some customer projects has led Suominen to anticipate a decreased demand for nonwovens made at its Nakkila, Finland plant during the second half of the year.

To adjust the production volumes of the plant with the current business environment, Suominen Nonwovens will begin initiating 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. These efforts should impact, in total, approximately 75 people.

The potential temporary lay-offs would be implemented full time or part time in shorter periods from August to December 2014, including the months in question. At most, the potential lay-off period would be 60 days per person.

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.

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