Brief: Lehto Starts Employee Cooperation Negotiations

Lehto Oyj

10/09/2019 06:10

Sept 10 (Reuters) - Lehto Group Oyj  LEHTO.HE :
    * LEHTO STARTS EMPLOYEE COOPERATION NEGOTIATIONS TO IMPROVE
PROFITABILITY
    * ESTIMATES THAT ONGOING EMPLOYEE COOPERATION NEGOTIATIONS
CAN
LEAD TO A TOTAL REDUCTION OF UP TO 150 MAN-YEARS
    * AIMS AT ANNUAL COST SAVINGS OF APPROXIMATELY EUR 7 MILLION
    * NEGOTIATIONS MAY INCLUDE REDUNDANCIES, LAY-OFFS, PART-TIME
WORK,
JOB REASSIGNMENTS AND REASSIGNMENTS, AND RELATED RETRAINING
ISSUES
    * IT IS ESTIMATED THAT NEGOTIATIONS WILL BE COMPLETED BY END
OF
OCTOBER 2019
    * NEGOTIATIONS CONCERN ALMOST ALL UNITS IN FINLAND
    * EMPLOYEE COOPERATION NEGOTIATIONS CONCERN A TOTAL OF 540
PERSONS

Source text for Eikon:  ID:nWkr4SxjY5 
Further company coverage:  LEHTO.HE 

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