PRESS RELEASE, 8 DECEMBER 2023

Ponsse's cooperation negotiations were concluded yesterday. Ponsse invited its production employees to cooperation negotiations in accordance with the Co-operation Act on 28 November 2023.

The negotiations dealt with measures to adapt to the weakened market situation. If the plans will materialise, layoffs of at most 90 days per person would be required in production in Vieremä during 2024. The negotiations concerned the production personnel of the Vieremä factory (395 persons).

Vieremä, 8 December 2023

PONSSE PLC

Juho Nummela
President and CEO

FURTHER INFORMATION
Juho Nummela, President and CEO, tel. +358 400 495 690

Ponsse Plc specialises in the sale, production, maintenance and technology of cut-to-length method forest machines, and is driven by a genuine interest in its customers and their business operations. Ponsse develops and manufactures sustainable and innovative harvesting solutions based on customer needs.

The company was established by forest machine entrepreneur Einari Vidgrén in 1970 and has been a leader in timber harvesting solutions based on the cut-to-length method ever since. Ponsse is headquartered in Vieremä, Finland. The company’s shares are quoted on the NASDAQ OMX Nordic List.