Brief: Marimekko Initiates Cooperation Procedure

Marimekko Oyj

25/03/2020 06:50

March 25 (Reuters) - Marimekko Oyj  MMO1V.HE :
    * MARIMEKKO IS PLANNING TO ADJUST ITS OPERATIONS IN THE
CORONAVIRUS SITUATION AND INITIATES COOPERATION PROCEDURE
    * WILL INITIATE CONSULTATIVE NEGOTIATIONS UNDER ACT ON
COOPERATION
WITHIN UNDERTAKINGS ON TEMPORARY MAXIMUM 90 DAYS LAYOFFS
    * MEASURES IN DIFFERENT MARKETS MAY LEAD TO TEMPORARY
FULL-TIME OR
PART-TIME LAYOFFS OF PERSONNEL.
    * NEGOTIATIONS AFFECTING ITS RETAIL SALES PERSONNEL,
INCLUDING
RETAIL SUPPORT FUNCTION, IN FINLAND.
    * NEGOTIATIONS IN FINLAND WILL COMMENCE ON 30 MARCH 2020,
AND THEY
ARE ESTIMATED TO LAST A MAXIMUM OF 14 DAYS.
    * PERSONNEL MEASURES WILL ALSO BE COMMENCED IN RETAIL
OPERATIONS
IN SWEDEN, DENMARK, NORWAY, GERMANY, UNITED STATES AND AUSTRALIA

Source text for Eikon:  ID:nGNE1bxq6M 
Further company coverage:  MMO1V.HE 

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