UPDATE 1-Nokian heavy tyres to cut production

Newswire

* Says demand for heavy tyres has lowered * Says to cut production in 2012 * Repeats 2011 guidance (Adds detail) HELSINKI, Nov 25 (Reuters) - Finnish tyre maker Nokian Renkaat said demand for tyres used in harvesters, farming machines and other heavy machinery had weakened, forcing it to cut production next year. It said on Friday it will begin talks with 260 staff in its heavy tyres unit on temporary and possibly permanent job cuts and said the unit will move to a discontinued ...

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