Brief: Punamusta Media To Cut Up to 45 Positions

Rebl Oyj

25/04/2023 10:15

April 25 (Reuters) - PunaMusta Media Oyj  PUMU.HE :
    * PUNAMUSTA MEDIA GROUP'S VISIBILITY, PRINTING COMPANIES
ENTER
INTO CHANGE NEGOTIATIONS
    * CHANGE NEGOTIATIONS CONCERN THE STAFF OF GROUP'S
VISIBILITY,
PRINTING BUSINESS COMPANIES FORSSAN KIRJAPAINO OY, PUNAMUSTA
COLORO OY AND PUNAMUSTA OY
    * IN LINE WITH GROUP'S STRATEGY, AIM OF NEGOTIATIONS IS TO
IMPROVE
COMPETITIVENESS OF GROUP'S PRINTING SERVICES IN PARTICULAR AND
TO RESPOND TO THE PERMANENTLY CHANGED MARKET SITUATION DUE TO
DECLINING VOLUMES BY REORGANISING AND STREAMLINING OPERATIONS
    * PLANNED MEASURES WILL GENERATE ANNUAL SAVINGS OF AROUND
EUR 1.8
MILLION
    * MEASURES MADE POSSIBLE BY LAW ON COOPERATION INCLUDE
DISMISSAL,
LAY-OFF, PART-TIME WORK OR ALTERATION OF TERMS AND CONDITIONS OF
EMPLOYMENT CONTRACT
    * AROUND 500 PEOPLE FROM ALL SECTORS ARE COVERED BY CHANGE
NEGOTIATIONS
    * MEASURES CAN LEAD TO ESTIMATED MAXIMUM DISMISSAL OF UP TO
45
PERSONS

Source text for Eikon:  ID:nGNE5h6fhN 
Further company coverage:  PUMU.HE 

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