Strike at Kongsberg Automotive's Raufoss and Hvittingfoss plants

19 Apr 2023 18:50 CEST

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
mads.langaard@ka-group.com
+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/)

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