According to the decision adopted on 31 May 2004, the Sports Goods Division of Viisnurk AS shall be closed down as of today. All Sports Goods Division contracts with clients have been duly carried out.

In connection with the closing down of the Division, there were 231 employees made redundant between 30 August and 29 October. The company has paid the total of 2,7 million kroons, including all taxes, as redundancy payments to the employees.

Viisnurk AS will continue negotiations over the sale of the Division's assets.