Regulatory Filings • Apr 19, 2023
Regulatory Filings
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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 [email protected] +47 905 81 264
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
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