Operation Negotiations

Martela Oyj

01/03/2021 08:05

March 1 (Reuters) - Martela Corp  MARAS.HE :
    * REG-MARTELA'S CO-OPERATION NEGOTIATIONS CONCLUDED
    * AS A RESULT OF NEGOTIATIONS, RESTRUCTURING OF OPERATIONS
WILL
LEAD TO REDUCTION OF APPROXIMATELY 21 JOBS
    * POSSIBILITY TO TEMPORARILY LAY-OFF PERSONNEL EITHER PART-
OR
FULLTIME.
    * NUMBER OF PERSONNEL AND DURATION OF LAYOFFS WILL BE
DETERMINED
BASED ON MARKET CONDITIONS AND BUSINESS NEEDS.
    * ADDITIONAL SAVINGS WILL BE REALIZED THROUGH NORMAL
RETIREMENTS
    * IT IS ESTIMATED THAT CORPORATION'S COST LEVEL WILL
DECREASE
APPROXIMATELY EUR 2.5 MILLION ON ANNUAL LEVEL
    * ACTIONS WILL REALIZE ESSENTIALLY DURING Q3 OF 2021.

Source text for Eikon:  ID:nGNE2jl35C 
Further company coverage:  MARAS.HE 

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