Finland's Nokian Tyres steps up planning due to Ukraine crisis By Reuters

Citi warns UK staff of cuts as hundreds of roles could be affected - memo

Finland's Nokian Tyres steps up planning due to Ukraine crisis

Published Feb 22, 2022 12:18

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Finland's Nokian Tyres steps up planning due to Ukraine crisis

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HELSINKI (Reuters) - Finland's Nokian Tyres, which has a plant and a large tyre warehouse in Russia, has intensified planning related to the Ukraine crisis escalation, the company said on Tuesday.

"We prepare for different scenarios as part of our normal risk management work, and now we have intensified the work due to the current geopolitical situation, including availability planning," Nokian's spokeswoman Tarja Pennanen told Reuters.

Pennanen said the company was prepared to transfer certain product groups between factories if the situation so required.

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