Brief: Martela Starts Temporary Layoffs In Finland, Adjusts Operations In Other Countries

Martela Oyj

19/03/2020 06:34

March 19 (Reuters) - Martela Corp  MARAS.HE :
    * REG-MARTELA STARTS TEMPORARY LAYOFFS IN FINNISH ENTITIES AND ADJUSTS ITS OPERATIONS IN
OTHER
COUNTRIES
    * NEGATIVE IMPACT OF CORONAVIRUS ON OVERALL MARKET CONDITIONS HAS BEEN SIGNIFICANT
    * DURATION OF LAYOFFS VARIES DEPENDING ON BUSINESS AREA AND WORK ASSIGNMENT, UP TO A MAXIMUM
OF 90
DAYS
    * WILL CONTINUE TO IMPLEMENT ITS PREVIOUSLY ANNOUNCED EUR 4 MILLION SAVINGS PROGRAM AND
IMPROVE
PRODUCTIVITY.
    * IN ADDITION TO THESE LAYOFFS MARTELA WILL ADJUST ITS OPERATIONS ALSO IN OTHER COUNTRIES.
    * MARTELA IS ADJUSTING ITS OPERATIONS TO MEET RAPIDLY CHANGED CIRCUMSTANCES AND WILL
TEMPORARILY
LAY OFF ITS PERSONNEL IN FINLAND

Source text for Eikon:  ID:nGNEb8jDgs 
Further company coverage:  MARAS.HE 

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