Brief: Rapala says codetermination negotiations completed

Rapala VMC Oyj

06/04/2017 09:01

April 6 (Reuters) - RAPALA VMC CORP  RAP1V.HE  
    * REG-RAPALA VMC CORPORATION: CODETERMINATION NEGOTIATIONS COMPLETED. 
    * TOTAL NUMBER OF EMPLOYEES AFFECTED BY CODETERMINATION NEGOTIATIONS IS 50 OF WHICH FIVE ARE 
COVERED WITH PENSION ARRANGEMENTS. 
    * PLANNED REORGANIZATION OF PRODUCTION COULD MEAN MAXIMUM OF 10 EMPLOYEES REDUCTION IN 
ROVANIEMI. 
    * ORIGINALLY ESTIMATED AMOUNT WAS APPROXIMATELY 45-53 EMPLOYEES IN RAPALA VMC OYJ IN FINLAND 
    * NON-RECURRING COSTS RELATED TO ANY PERSONAL REDUCTIONS, WHICH ARE RECORDED IN YEAR 2017, 
ARE ESTIMATED TO BE ABOUT 0.2 MEUR. 
    * AIM OF PLANNED FINNISH RESTRUCTURINGS IS TO HAVE ABOUT 1.5 MEUR ANNUAL SAVINGS WHICH WILL 
BE REALIZED ON 2018 
    * NON-RECURRING COSTS RELATED TO ANY PERSONAL REDUCTIONS, WHICH ARE RECORDED IN 2017, ARE 
ESTIMATED TO BE ABOUT 0.2 MEUR. 
 
Source text for Eikon:  ID:nGNE7bY1bf  
Further company coverage:  RAP1V.HE  
 
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