Brief: Martela Cuts About 40 Positions

Martela Oyj

26/06/2019 07:58

June 26 (Reuters) - Martela Oyj  MARAS.HE :
    * REG-MARTELA CORPORATIONS CO-OPERATION NEGOTIATIONS
CONCLUDED
    * APPROXIMATELY 40 JOBS WILL BE REDUCED, MOST OF THEM
THROUGH
DISMISSALS
    * POSSIBILITY TO TEMPORARILY LAY-OFF PERSONNEL FOR A MAXIMUM
OF 90
DAYS
    * ADDITIONAL SAVINGS WILL BE REALIZED THROUGH NORMAL
RETIREMENTS
AND OTHER PERSONNEL TURNOVER
    * IT IS ESTIMATED THAT CORPORATION'S COST LEVEL WILL
DECREASE
APPROXIMATELY EUR 2 MILLION ON ANNUAL LEVEL
    * SAVINGS PROGRAM WILL BE IMPLEMENTED BY END OF 2020, AFTER
WHICH
FULL IMPACT OF SAVINGS WILL BE REALIZED
    * ANY ONETIME EXPENSES RELATED TO DISMISSALS WILL BE
CLARIFIED
DURING Q3 2019

Source text for Eikon:  ID:nGNE15bKfb 
Further company coverage:  MARAS.HE 

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