Brief: Marimekko Is Planning To Restructure Its Operations And Initiates Cooperation Procedure

Marimekko Oyj

13/08/2020 06:10

Aug 13 (Reuters) - Marimekko Oyj  MMO1V.HE :
    * MARIMEKKO IS PLANNING TO RESTRUCTURE ITS OPERATIONS AND
INITIATES COOPERATION PROCEDURE
    * TO INITIATE CONSULTATIVE NEGOTIATIONS WITH PERSONNEL IN
ORDER TO
REORGANIZE AND STREAMLINE ITS OPERATIONS IN FINLAND
    * TO INITIATE CORRESPONDING PROCESSES IN ITS ORGANIZATIONS
IN
SCANDINAVIA, NORTH AMERICA AND AUSTRALIA
    * NEGOTIATIONS IN FINLAND EXLUDE RETAIL STORE STAFF AND
PRODUCTION
PERSONNEL AT PRINTING FACTORY IN HELSINKI
    * SEEKS TO ACHIEVE ANNUAL SAVINGS IN COSTS ESTIMATED AT
AROUND EUR
1.5 MILLION IN TOTAL
    * NEGOTIATIONS AND CORRESPONDING PROCESSES TO BE INITIATED
CONCERN
A TOTAL OF 193 PEOPLE GLOBALLY.
    * NEGOTIATIONS IN FINLAND WILL BEGIN ON 19 AUGUST AND WILL
LAST AT
LEAST SIX WEEKS UNLESS OTHERWISE AGREED

Source text for Eikon:  ID:nGNEb67nlv 
Further company coverage:  MMO1V.HE 

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