Last update: 23.07.2024 15:03 (GMT+3)

NRM: APPLICATION FOR TEMPORARY WORK STOPPAGE

31.10.2002, Norma, TLN

Norma NEWS RELEASE 10/31/2002

APPLICATION FOR TEMPORARY WORK STOPPAGE

In Russia, a complicated market situation has arisen
which significantly affects AVTOVAZ who is the primary
buyer of AS Norma safety belts in Russia. From 26 October
to 9 November 2002, all work on AVTOVAZ assembly lines
has been stopped. In view of this situation, the
management board of AS Norma has decided to request from
the Republic of Estonia Labour Inspectorate the
application of part-time working time or holiday with
partial pay for the duration of up to three weeks within
the next three months.
The public will be notified about the application of
part-time working time or holiday with partial pay in AS
Norma via the information system of the Tallinn Stock
Exchange.


Peep Siimon
Chairman of Management Board
+372 6500 442

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