Brief: Efore Initiates A Review Process In Order To Secure Profitability Of Telecom Business And Starts Cooperation Negotiations

Enedo Oyj

15/02/2018 19:00

Feb 16 (Reuters) - EFORE PLC  EFO1V.HE : 
    * EFORE INITIATES A REVIEW PROCESS IN ORDER TO SECURE 
PROFITABILITY OF TELECOM BUSINESS AND STARTS COOPERATION 
NEGOTIATIONS 
    * SAYS POTENTIAL STRUCTURAL CHANGES OF EFORE'S TELECOM 
BUSINESS 
WILL ALSO HAVE AN IMPACT ON ENTIRE GROUP PERSONNEL AND FUTURE 
RESOURCE ALLOCATION. 
    * AS A PART OF  PROCESS AND IMPROVING PROFITABILITY, EFORE 
COMMENCES COOPERATION PROCEDURE IN FINLAND 
    * POSSIBLE TERMINATIONS OF EMPLOYMENT CONTRACTS OR SHIFTING 
TO 
PART-TIME WORK CONCERN MAXIMUM 9 PERSONS 
    * POSSIBLE TEMPORARILY LAY-OFFS MAY LAST MAXIMUM 90 DAYS 
 
Source text for Eikon:  ID:nGNE1M6hyC  
Further company coverage:  EFO1V.HE  
 
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