November 2, 2007
14:20 CET
Effect of strike by union of salaried employees on Rautaruukki's operating profit is about EUR 5 million
Rautaruukki Oyj Stock exchange release 2 November 2007 at 15.20
The financial effects of the strike by members of the Union of Salaried
Employees on Rautaruukki were fairly minor. The strike is expected to weaken
operating profit for the fourth quarter by around EUR 5 million.
The strike by members of the Union of Salaried Employees stopped hot-rolling
production and the cutting lines at the Raahe Steel Works between 22 and 26
October. This resulted in the stoppage of product manufacture at the works, as
well as deliveries to customers and products for further processing by the
company. The strike affected those functions of Ruukki Production, Ruukki
Engineering, Ruukki Metals, corporate administration and transport services
located in Raahe.
Further information is available from: Mikko Hietanen, CFO tel. +358 20 592
9030
Rautaruukki Corporation
Anne Pirilä
SVP, Corporate Communications and Investor Relations
Rautaruukki supplies metal-based components, systems and integrated systems to
the construction and mechanical engineering industries. The company has a wide
selection of metal products and services. Rautaruukki has operations in 24
countries and employs 14,500 people. Net sales in 2006 totalled EUR 3.7
billion. The company's share is quoted on the OMX Nordic Exchange Helsinki
(Rautaruukki Oyj: RTRKS). The Corporation has used the marketing name Ruukki
since 2004.
DISTRIBTION:
OMX Nordic Exchange Helsinki
Main media
www.ruukki.com