TIKA OY 
By Tikkurila Oyj
Stock Exchange Release
January 16, 2012 at 9:00 a.m. (CET+1)
Tikkurila has concluded the co-operation negotiations started in November 2011. The negotiations targeted all personnel groups and functions of Tikkurila Oyj in Finland. As a result of the negotiations, a total of 62 persons, working in various functions of the company, will be dismissed. Of these personnel reductions, altogether 39 employees are directors and other white-collar workers and 23 are blue-collar workers.
The negotiations were initially expected to result in the reduction of 100 employees at the most. In 2011, the Tikkurila Group had all in all some 3,700 employees, of which approximately 750 worked in Finland.
The personnel reductions and related support activities are estimated to result in non-recurring expenses of EUR 1.5-2.0 million during the financial year 2012.
In addition, Tikkurila Oyj has decided to outsource the canteen, cleaning services, facility management and office services at its Vantaa site in Finland to ISS Palvelut Oy as of January 31, 2012. As a result of the agreement, approximately 50 employees will be transferred to ISS Palvelut Oy as old employees.
The measures conducted are a part of Tikkurila's group-wide program started at the end of 2011. The program aims at more flexible organization and cost structure, as well as at streamlining all operations in the prevailing uncertain and quickly changing market environment. According to the plan, the organization structure will be revised, areas of responsibilities clarified and ways of operating changed. In addition, the roles of Group's production facilities will be reconsidered and reorganized where applicable.
In addition to Finland, Tikkurila has started organizational streamlining measures in Poland at the beginning of 2012. Measures to improve efficiency and facilitate structural change will be launched in all Tikkurila locations and business units during the next few months.
Tikkurila Oyj
Erkki Järvinen
For further information, please contact:
Tikkurila Oyj
Erkki Järvinen, President and CEO
Mobile +358 400 455 913, erkki.jarvinen@tikkurila.com:
mailto:erkki.jarvinen@tikkurila.com
For 150 years already, Tikkurila has provided consumers and professionals with user-friendly and sustainable solutions for surface protection and decoration. Tikkurila wants to be the leading paint company in the Nordic area as well as in Russia and other selected Eastern European countries. - Tikkurila inspires you to color your life.
www.tikkurilagroup.com:
http://www.tikkurilagroup.com
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Tikkurila Oyj via Thomson Reuters ONE
