Kongsberg Automotive

Strike at Kongsberg Automotive's Raufoss and Hvittingfoss plants

Zurich, April 19, 2023: Following a breakdown in negotiations between the

Norwegian United Federation of Trade Unions and Federation of Norwegian

Industries, Kongsberg Automotive (KA) employees organized in Fellesforbundet and

FLT at Raufoss and Hvittingfoss will go on a strike, effective April 21, 2023

06:00 (CET), until further notice.

At this point, 312 out of a total of 433 KA employees in Raufoss and

Hvittingfoss will be impacted by this strike.

KA's Raufoss facility will stop production, while the Hvittingfoss plant will

run at a limited capacity.

KA`s Raufoss plant produces various coupling systems primarily for the

commercial vehicle segment. KA 's Hvittingfoss plant mainly produces gear and

clutch systems, for the commercial vehicle segment.

The two plants make up to 20-25% of KA's annual revenue.

IR & Media Contact:

Mads Langaard

+47 905 81 264

About Kongsberg Automotive ASA

Kongsberg Automotive provides cutting-edge technology to the global vehicle

industry. We drive the global transition to sustainable mobility by putting

engineering, sustainability, and innovation into practice. Our product portfolio

includes driver and motion control systems, fluid assemblies, and industrial

driver interface products. Find more information

at: kongsbergautomotive.com (https://www.kongsbergautomotive.com/)

AI Terminal