Brief: Change Negotiations Regarding Robit’S Personnel In Finland Completed

Robit Oyj

18/10/2023 08:11

Oct 18 (Reuters) - Robit Oyj  ROBIT.HE :
    * CHANGE NEGOTIATIONS REGARDING ROBIT’S PERSONNEL IN FINLAND
COMPLETED
    * COMPANY DECIDED TO TERMINATE FOUR PERSONS CONSIDERING
COMPANY'S
CURRENT SITUATION AND FUTURE BUSINESS NEEDS AND GOALS
    * IN ADDITION TO REDUNDANCIES, THREE FIXED-TERM EMPLOYMENT
RELATIONSHIPS WILL NOT BE CONTINUED WHEN THEY END
    * COMPANY HAS DECIDED TO START PART-TIME TEMPORARY LAYOFFS
COVERING ENTIRE PERSONNEL
    * TEMPORARY LAYOFFS WILL BE IMPLEMENTED IN TWO PHASES
    * FIRST PHASE OF TEMPORARY LAYOFFS WILL BE IMPLEMENTED
DURING LAST
QUARTER OF 2023
    * SECOND PHASE OF TEMPORARY LAYOFFS WILL BE IMPLEMENTED
DURING Q1
OF 2024, IF PRODUCTION AND FINANCIAL SITUATION REQUIRES
    * COMPANY HAS AN ONGOING COST-SAVINGS PROGRAM
    * IS TARGETING SAVINGS OF AROUND EUR 5 MILLION FROM 2022
LEVEL
THROUGH COST-SAVINGS PROGRAM

Source text for Eikon:  ID:nGNE6SzcgD 
Further company coverage:  ROBIT.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;  +48 58 769 66 00;))