Negotiations to downsize operations in Norway

Negotiations have begun with employee representatives to discuss personnel reductions in the production unit in Jevnaker, Norway. This initiative is based on the declining demand for kitchens and on the ongoing efficiency improvements of the supply chain in the Nobia Group.

 

 

For further information contact:

Ingemar Tärnskär, Managing Director, Norema AS

Telephone: +46 73 274 62 61

Or

Ingrid Yllmark, Director Communications and IR, Nobia AB

Telephone: +46 8 440 1600 or +46 708 65 59 00

 

 

Nobia AB

3 February 2009

 

 

 

Nobia is the company behind several strong European kitchen brands, such as Magnet in the UK, HTH in the Nordic countries and Poggenpohl worldwide. The Group manufactures and sells complete kitchen solutions and generates value by utilising economies of scale.

     Nobia has approximately 9,000 employees and net sales of about SEK 16 billion. The Nobia share is listed on the Nasdaq OMX Nordic Exchange in Stockholm under the short name NOBI.