Brief: Oriola To Cut 120 Jobs In Finland And Sweden

Oriola Oyj

13/12/2021 08:48

Dec 13 (Reuters) - Oriola Oyj  OKDBV.HE :
    * ORIOLA'S COOPERATION NEGOTIATIONS COMPLETED
    * AS A RESULT OF NEGOTIATIONS, ORIOLA WILL REDUCE IN TOTAL
120
POSITIONS OF WHICH 52 IN FINLAND AND 68 IN SWEDEN
    * HEADCOUNT REDUCTION WILL BE IMPLEMENTED BY TERMINATING
BOTH
FIXED-TERM AND PERMANENT EMPLOYMENT CONTRACTS
    * NEW OPERATING MODEL AND COUNTRY-BASED ORGANISATIONAL
STRUCTURE
WILL BE EFFECTIVE AS OF 1 JANUARY 2022
    * ESTIMATED ANNUAL SAVINGS WILL BE APPROXIMATELY 7 MILLION
EURO
    * SAVINGS ARE EXPECTED TO MATERIALISE IN Q1 OF 2022 ONWARDS
    * ADJUSTING ITEMS RELATED TO PERSONNEL REDUCTIONS ARE
ESTIMATED TO
BE APPROXIMATELY 2.9 MILLION EUROS

Source text for Eikon:  ID:nWkr7Y3ZWb 
Further company coverage:  OKDBV.HE 

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