Walki to reduce Finnish staff

Walki Group, the leading producer of protective packaging materials and technical laminates, announces today that its Finnish subsidiary Walki Oy will start personnel negotiations at its plants in Pietarsaari and Valkeakoski on February 4, 2010.

The worldwide economic downturn has further underlined the importance of overall cost efficiency and in order to secure the long term competitiveness of the Finnish operations, a performance enhancement program will be launched.

The negotiation process will affect all employee groups at Walki Oy's Finnish plants in Pietarsaari and Valkeakoski. It is estimated that the personnel reduction need is 80 employees. The two Finnish plants employ at present about 435 people.