Brief: Pihlajalinna Completes Cooperation Negotiations

Pihlajalinna Oyj

24/04/2020 13:48

April 24 (Reuters) - Pihlajalinna Oyj  PIHLIS.HE :
    * PIHLAJALINNA'S COOPERATION NEGOTIATIONS HAVE BEEN
COMPLETED
    * APPROXIMATELY 2,500 EMPLOYEES WERE CONCERNED BY
NEGOTIATIONS,
AND 600 OF THEM WORK IN MUNICIPAL JOINT-STOCK COMPANIES
    * IT IS DIFFICULT TO ASSESS HOW PANDEMIC SPREADS AND HOW IT
AFFECTS PIHLAJALINNA'S BUSINESS OPERATIONS
    * ACCORDING TO PIHLAJALINNA'S CURRENT ESTIMATE, IF WORST
PANDEMIC
SCENARIOS ARE REALISED, PART-TIME OR FULL-TIME TEMPORARY
LAY-OFFS WOULD AFFECT NO MORE THAN 126 EMPLOYEES FOR 90 DAYS AT
MOST
    * NUMBER AND DURATION OF TEMPORARY LAY-OFFS CAN STILL BE
IMPACTED
BY POSSIBILITY OF TEMPORARILY RELOCATING TO ANOTHER TASK AND
FLEXIBILITY IN EMPLOYMENT RELATIONSHIPS
    * FULL-TIME TEMPORARY LAY-OFFS APPLY TO NO MORE THAN 71
EMPLOYEES
AND PART-TIME TEMPORARY LAY-OFFS TO NO MORE THAN 15 EMPLOYEES
    * IN ADDITION, THERE MAY BE FULL-TIME OR PART-TIME TEMPORARY
LAY-OFFS OF NO MORE THAN 40 EMPLOYEES

Source text for Eikon:  ID:nWkr6ltpPx 
Further company coverage:  PIHLIS.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))