Operation Negotiations

Martela Oyj

07/05/2020 05:53

May 7 (Reuters) - Martela Corp  MARAS.HE :
    * REG-MARTELA WILL INITIATE CO-OPERATION NEGOTIATIONS IN
ORDER TO
MINIMIZE THE NEGATIVE FINANCIAL IMPACT RELATED TO CORONAVIRUS
PANDEMIC
    * WILL INITIATE CO-OPERATION NEGOTIATIONS FOR LAY-OFFS
CONCERNING
WHOLE PERSONNEL IN ALL MARTELA'S ENTITIES IN FINLAND
    * BASED ON PRELIMINARY ESTIMATE, PLANNED LAY-OFFS WOULD LAST
UNTIL
END OF 2020
    * CORONAVIRUS PANDEMIC AND CRISIS IT HAS BROUGHT HAS
RESULTED IN
WEAKENING DEMAND AND PROFITABILITY OF MARTELA'S BUSINESS

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

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