Brief: Noho Partners Says Commencing Negotiations That May Cause Part-Time Or Full-Time Temporary Layoffs To Adapt Restrictions On Restaurant Industry Put By Finnish Government

NoHo Partners Oyj

29/09/2020 19:26

Sept 29 (Reuters) - NoHo Partners Oyj  NOHOP.HE :
    * REG-NOHO PARTNERS IS COMMENCING NEW CO-OPERATION
NEGOTIATIONS
AND WILL PROVIDE FURTHER INFORMATION ON HOW RESTRICTIONS ON
RESTAURANTS WILL IMPACT ITS BUSINESS
    * NOHO-NEGOTIATIONS MAY CAUSE CHANGES SUCH AS PART-TIME/
FULL-TIME
TEMPORARY LAYOFFS, CHANGING FULLTIME EMPLOYMENT TO PARTTIME OR
TERMINATIONS
    * NOHO PARTNERS OYJ - POSSIBLE TERMINATIONS AS PART OF
NEGOTIATIONS CONCERN PRIMARILY ADMINISTRATIVE TASKS AT DIFFERENT
LEVELS OF ORGANISATION
    * NOHO - ESTIMATES WILL TRANSITION TO CONDUCTING BUSINESS
ACCORDING TO LOW SCENARIO, IN WHICH SALES ARE AT APPROXIMATELY
50-70%OF PREVIOUS YEAR'S LEVEL
    * NOHO PARTNERS OYJ - CO-OPERATION NEGOTIATIONS CONCERN ALL
OF
GROUP'S EMPLOYEES, TOTALLING APPROXIMATELY 1,300 EMPLOYEES IN
FINLAND

Source text for Eikon:  ID:nGNE6KMccT 
Further company coverage:  NOHOP.HE 

 ((Reuters.Briefs@thomsonreuters.com;))