Brief: VMP Improves Efficiency And Initiates Cost Savings Program To Continue Profitable Growth

Eezy Oyj

02/05/2019 08:06

May 2 (Reuters) - Vmp Oyj  VMP.HE :
    * COMPANY RELEASE: VMP IMPROVES EFFICIENCY AND INITIATES
COST
SAVINGS PROGRAM TO CONTINUE PROFITABLE GROWTH
    * COMPANY IS TARGETING ANNUAL COST SAVINGS OF 2.5 - 3.0
MILLION
EUROS THROUGH PROGRAM.
    * PART OF SAVINGS ARE EXPECTED TO MATERIALISE DURING 2019.
    * INITIATING EMPLOYEE COOPERATION NEGOTIATIONS CONCERNING
COMPANY'S PERSONNEL.
    * AS PART OF COST SAVINGS PROGRAM, VMP PLANS TO INITIATE
EMPLOYEE
COOPERATION NEGOTIATIONS COVERING COMPANY'S OPERATIONS AND
PERSONNEL IN FINLAND, EXCLUDING CORPORATE SPIRIT LTD.
    * ESTIMATES THAT COOPERATION NEGOTIATIONS WILL RESULT IN
REDUCTION
OF MAXIMUM OF 30 SALARIED EMPLOYEES IN GROUP COMPANIES
    * VMP CURRENTLY EMPLOYS APPROXIMATELY 300 SALARIED EMPLOYEES

Source text for Eikon:  ID:nGNE8CzsVp 
Further company coverage:  VMP.HE 

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