Market announcement

AS Harju Elekter Group

Category

Other price sensitive information

Date

27.02.2009 16:00:00

Title

Osalise tööaja rakendamine

Message

Harju Elektri kontsern on esitanud Tööinspektsioonile taotlused ja saanud ka loa
osalise tööaja rakendamiseks tütarettevõtetes AS Harju Elekter Elektrotehnika ja
AS Eltek. Vastavalt vajadusele on ajavahemikus 23.2-30.4.2009 võimalus rakendada
osalist tööaega kuni 169 inimese puhul.

Osalise tööaja rakendamise vajadus tuleneb tellimuste vähenemisest tingitud
tootmismahtude kahanemisest käesoleva aasta esimeses pooles. Osaline tööaeg on
60% tööajanormist ehk 24 tundi nädalas suurendades firma paindlikkust töö
korraldamisel muutlikus majanduskeskkonnas. Täna on raske hinnata, millal
olukord stabiliseerub ning tavapärane äri- ja tootmiskorraldus taastub.

Harju Elekter on juhtiv elektriseadmete ja -materjalide tootja Baltimaades.
Harju Elektri Gruppi kuuluvad elektriseadmete valmistajatehased Eestis, Soomes
ja Leedus: AS Harju Elekter Elektrotehnika (100%), Satmatic Oy (100%) ja Rifas
UAB (51%), samuti telekommunikatsioonitoodete valmistaja AS Eltek (100%) ning
sidusettevõte AS Draka Keila Cables (34%). Harju Elektril on ka
finantsinvesteeringud Läti elektriseadmete müügifirmas SIA Energokomplekss (10%)
ja Soome börsiettevõttes PKC Group Oyj (8%).

Andres Allikmäe
Juhatuse esimees
Tel 6747 400

Title

Application of part-time working time

Message

Harju Elekter Group has submitted requests to the Labour Inspectorate and has
also received permission for the application of part-time working time in
subsidiaries AS Harju Elekter Elektrotehnika and AS Eltek. According to need, it
will be possible to apply part-time working time in the case of up to 169
people, in the period of time from 23 February to 30 April 2009.

The need to apply part-time working time arises from a decline in production
volumes due to a decrease in orders in the first half of this year. Part-time
working time is 60% of the standard for working time or 24 hours a week,
increasing the flexibility of the company in the organisation of work in a
changing economic environment. At the present time, it is difficult to estimate
when the situation will stabilise and normal business and production
organisation will recover.

Harju Elekter is a leading manufacturer of electrical plants and materials in
the Baltic States. Harju Elekter Group includes the manufacturers of electrical
plants in Estonia, Finland and Lithuania: AS Harju Elekter Elektrotehnika
(100%), Satmatic Oy (100%) and Rifas UAB (51%), as well as the manufacturer of
telecommunications products AS Eltek (100%) and the related company AS Draka
Keila Cables (34%). Harju Elekter also has financial investments in the Latvian
seller of electrical equipment SIA Energokomplekss (10%) and the Finnish stock
company PKC Group Oyj (8%).

Andres Allikmäe
Chairman of the Board
Phone: +372 674 7400