Ahlstrom Corporation PRESS RELEASE 18.3.2009
Ahlstrom has concluded the negotiations on temporary layoffs with the personnel of its head office and sales office in Helsinki on March 17, 2009. The negotiations concerned the whole personnel of these units, a total of 76 people.
As a result of the negotiations, the whole personnel of the head office and the Helsinki sales office will be temporarily laid off for one month gradually between April and December 2009. The members of Ahlstrom's Corporate Executive Team (CET) based in Helsinki have decided to voluntarily give up part of their salary accordingly, although their obligation to work remains unchanged.
Ahlstrom's other CET members working in other countries will also participate in the adjustment program with similar type of voluntary measures.
Ahlstrom started the negotiations as part of the restructuring program announced earlier this year to adjust its operations to the current business environment. Ahlstrom has already made adjustments at its manufacturing plants and other operations globally, e.g. by means of reducing production, the number of shifts and partially also the number of personnel.
Ahlstrom Corporation employs approximately 6,400 people worldwide.
Corporate Communications and Investor Relations
Ahlstrom in brief
Ahlstrom is a global leader in the development, manufacture and marketing of high performance fiber-based materials. Nonwovens and specialty papers, made by Ahlstrom, are used in a large variety of everyday products, such as filters, wipes, flooring, labels, and tapes. Based upon its unique fiber expertise and innovative approach, the company has a strong market position in several business areas in which it operates. Ahlstrom's 6,400 employees serve customers via sales offices and production facilities in more than 20 countries on six continents. In 2008, Ahlstrom's net sales amounted to EUR 1.8 billion. Ahlstrom's share is quoted on the NASDAQ OMX Helsinki. The company website is at www.ahlstrom.com.