ROBIT PLC                     PRESS RELEASE                 02.04.2020 AT 19.00

EMPLOYEE COOPERATION NEGOTIATIONS REGARDING ROBIT’S PERSONNEL IN FINLAND COMPLETED

The employee cooperation negotiations concerning all Robit’s personnel based in Finland have ended.

As a result, the Company will temporarily lay-off its personnel in Finland during April – August 2020.The duration of the temporary lay-offs varies depending on the work assignment, up to a maximum of 90 days per person during 14.4.2020 – 31.8.2020. 

Employee cooperation negotiations concerned approximately 65 people. The measures are based on the increased uncertainty caused by Coronavirus Pandemic. Robit is preparing itself for a possible decline in demand caused by the Pandemic. Changes in the business environment might adversely influence on the availability of raw materials and components as well as logistics, and therefore slow down the normal progress of work.

ROBIT PLC

Tommi Lehtonen, CEO

Further information:
Tommi Lehtonen, CEO
Tel. +358 40 724 9143
tommi.lehtonen@robitgroup.com

Robit is a strongly internationalized growth company servicing global customers and selling drilling consumables for applications in mining, construction and contracting, tunneling and well drilling. The company's offering is divided into two product and service ranges: Top Hammer and Down-the-Hole. Robit has 10 of its own sales and service points throughout the world as well as an active sales network in over 100 countries. Robit’s manufacturing units are located in Finland, South Korea, Australia and the UK. Robit’s shares are listed on NASDAQ Helsinki Ltd. Further information is available at: www.robitgroup.com 

Distribution:
Nasdaq Helsinki
Key media
www.robitgroup.com