Brief: Stockmann To Pilot New Concepts In Itis Shopping Centre

Lindex Oyj

25/08/2022 11:50

Aug 25 (Reuters) - Stockmann Oyj Abp  STOCKA.HE :
    * STOCKMANN PLANS TO PILOT NEW CONCEPTS IN ITIS SHOPPING
CENTRE
STARTING SPRING 2023
    * PLANNING OF CHANGES WILL START IMMEDIATELY, AND WE WILL
ANNOUNCE
CHANGES LATER
    * OPERATIONS OF ITIS STOCKMANN DEPARTMENT STORE WILL BE
REVIEWED,
WHICH IS EXPECTED TO HAVE AN IMPACT ON NUMBER AND STRUCTURE OF
ITIS DEPARTMENT STORE'S PERSONNEL. WE LAUNCHED CHANGE
NEGOTIATIONS ON 25 AUGUST 2022 AND THEY CONCERN ENTIRE PERSONNEL
OF ITIS DEPARTMENT STORE
    * EMPLOYEES NOW AT ITIS WILL HAVE GOOD OPPORTUNITIES TO
CONTINUE
TO WORK AT OTHER STOCKMANN UNITS
    * NEW LEASE CONTRACT WAS NEGOTIATED IN CONNECTION WITH
RESTRUCTURING PROGRAMME, AND LESSOR AT ITIS HAS NOW DECIDED TO
USE ITS OPTION TO PARTLY TERMINATE CONTRACT

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