The Works Council and Salomon S.A. have agreed to continue with the social plan process that was started last December, concerning the reorganization of the company. As a consequence the Works Council has withdrawn its petition to suspend the reorganization and the court hearing has been cancelled.
The three year turn-around program is expected to ensure Salomon's future
competitiveness. Amer Sports expects to realize annual cost-savings in excess of
EUR 40 million by the end of 2008.