Vianor Oy concludes change negotiations in Finland

Nokian Tyres plc Press Release January 20, 2025, at 3:00 p.m. EET

The change negotiations concerning Vianor Oy's personnel in Finland, which began on November 26, 2024, have been concluded. As a result of the negotiations, Vianor Oy personnel at service points, retreading factories and the OE assembly line, a total of some 450 people, can be temporarily laid off for a maximum of 90 days per person during 2025. In addition, the employment contracts of 16 employees will end. This is less than half of the amount estimated at the beginning of the negotiations.

As a result of the now concluded change negotiations and earlier measures, the number of Vianor's own service points will decrease by three. Suonenjoki service point will become entrepreneur-driven, two service points in Hyvinkää have merged, and in Helsinki the operations of the Kallio service point have transferred to the Herttoniemi service point and the operations of the Lauttasaari service point will trasfer to the new service point in Suomenoja, Espoo. After the changes the number of Vianor own service points in Finland will be 54.

The aim of the change negotiations was to adapt operations to the market and demand situation and to improve profitability.

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Vianor is the largest tire and car service chain in Nordics and pioneer in digital tire services. We have 174 own service centers and an extensive partner network in Finland, Sweden and Norway. We serve consumers and business customers by offering a comprehensive selection of tires, tire services and multi-brand car maintenance services - with strong professionalism and a friendly approach. In 2023, our net sales was 344 million euros. We are part of the Nokian Tyres Group.

Tires and car maintenance. Everyday ready. vianor.com.

Nokian Tyres' purpose is to make the world safer by reinventing tires, and how they are made, over and over again - a safer place to drive, work and live now and for generations to come. Inspired by our northern heritage, we develop and manufacture premium tires for passenger cars, trucks and heavy machinery with sustainability at the heart of all our operations. Our Vianor chain provides tire and car services. We are some 3,400 people with net sales of EUR 1.2 billion in 2023, and together we lead the journey to smarter driving for people and for businesses. Nokian Tyres is listed on Nasdaq Helsinki. Further information: company.nokiantyres.com