Brief: Martela Plans To Reduce Up To 40 Positions

Martela Oyj

27/01/2021 08:01

Jan 27 (Reuters) - Martela Corp  MARAS.HE :
    * REG-MARTELA PLANS TO RESTRUCTING MEASURES TO IMPROVE
OPERATIONAL
EFFICIENCY AND STARTS CO-OPERATION NEGOTIATIONS
    * MARKET SITUATION, WHICH HAS REMAINED CHALLENGING FOR A
LONG
TIME, HAS SIGNIFICANTLY AFFECTED MARTELA'S OPERATING
ENVIRONMENT, WEAKENING VOLUME AND PROFITABILITY OF MARTELA'S
BUSINESS
    * MARTELA IS PLANNING TO REORGANIZE AND STREAMLINE ITS
OPERATIONS
IN ORDER TO MITIGATE ADVERSE EFFECTS OF MARKET SITUATION AND TO
ADJUST ITS COST STRUCTURE TO PREVAILING CIRCUMSTANCES.
    * ACCORDING TO PRELIMINARY ESTIMATE, PLANNED ACTIONS COULD
RESULT
IN NEED TO REDUCE MAXIMUM 40 POSITIONS AND LEAD TO LAYOFFS OF
PERSONNEL
    * PLANNED ACTIONS CONCERN MARTELA GROUP'S PERSONNEL IN
FINLAND
    * POSSIBLE MEASURES HAVING AFFECT TO PERSONNEL WILL BE
IMPLEMENTED
AFTER CONCLUSION OF CO-OPERATION NEGOTIATIONS.

Source text for Eikon:  ID:nGNE1FQrRk 
Further company coverage:  MARAS.HE 

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