Brief: Administer Implements Profitability Programme, Starts Change Negotiations

Administer Oy

31/08/2023 06:37

Aug 31 (Reuters) - Administer Oy  ADMIN.HE :
    * ADMINISTER IMPLEMENTS A PROFITABILITY PROGRAMME AND BEGINS
CHANGE NEGOTIATIONS, STRATEGY WORK ALSO INITIATED
    * PROFITABILITY PROGRAMME TARGETS AN ANNUAL PROFITABILITY
IMPROVEMENT OF APPROXIMATELY EUR 7 MILLION, WHICH IS ESTIMATED
TO ACTUALISE IN ITS ENTIRETY DURING 2024
    * AS PART OF PROFITABILITY PROGRAMME, ADMINISTER HAS DECIDED
TO
BEGIN CHANGE NEGOTIATIONS IN SOME OF GROUP COMPANIES ON 31
AUGUST 2023
    * NEGOTIATIONS COVER APPROXIMATELY 123 EMPLOYEES, AND
PLANNED
ACTIONS COULD LEAD TO A REDUCTION OF 31 EMPLOYEES AT MAXIMUM IF
REALISED
    * HAS ALSO INITIATED STRATEGY WORK AND WILL SET NEW
LONG-TERM
FINANCIAL TARGETS AFTER ITS COMPLETION

Source text for Eikon:  ID: 
Further company coverage:  ADMIN.HE 

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