Finnair Technical Services employees walk out

Finnair Oyj 

05.06.2012 15:46
---------------------------------------------------------------------------

Employees from Finnair Technical Services have walked out on Tuesday June 5.
The employee unions have said the walk out will last for one week. The unions
did not accept Finnair's proposal on financial support and re-employment
support packages for employees who are at risk of redundancy due to Finnair's
plan to source its engine and component services from SR Technics. 

Impact on flights Finnair estimates that it can fly the majority of its flights
despite the industrial action. Some cancellations however can be expected, but
at this stage the total impacts of the industrial action are difficult to
estimate. 

'We apologize for any inconvenience this walk out might cause for our
customers. We will make every effort to ensure continued operations so our
customers' travel plans won't be disturbed', says Anssi Komulainen, Senior Vice
President, Customer Service. In April, Finnair signed a memorandum of
understanding with SR Technics on engine and component maintenance support. The
agreement is a part of Finnair's structural change that aims at restoring the
company's profitability. Employee negotiations on the impacts of this agreement
are still on-going, and they were expected to end on June 12. Finnair has also
been in talks with a potential buyer about the possibility of selling a part of
its engine operations and securing a part of the jobs currently at risk. 

Information on possible changes on flights will be updated at
http://www.finnair.com/INT/GB/flights/departures-arrivals 

Finnair Media Desk, p. 09 818 4020, comms(at)finnair.com
News Source: NASDAQ OMX



05.06.2012 Dissemination of a Corporate News, transmitted by DGAP - 
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------
 
Language:     English
Company:      Finnair Oyj
              
               
              Finland
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         FI0009003230
WKN:          
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------