Brief: Savosolar To Carry Out Temporary Layoffs Due To Corona Situation

Summa Defence Oyj

18/09/2020 13:21

Sept 18 (Reuters) - Savosolar Oyj  SAVOH.HE :
    * REG-SAVOSOLAR STATUTORY NEGOTIATIONS COMPLETED; TEMPORARY
LAYOFFS DUE TO THE CORONA SITUATION
    * COMPANY HAS DECIDED TO LAY OFF 21 PEOPLE ON A PART-TIME OR
FULL-TIME BASIS FOR A MAXIMUM OF 90 DAYS OVER NEXT THREE MONTHS
    * FACTORY WILL CONTINUE ITS OPERATIONS WITH A SHORTENED
WORKING
WEEK ACCORDING TO CURRENT PLAN UNTIL END OF YEAR, AS COMPANY
STILL HAS ORDERS TO FULFIL
    * COMPANY MANAGEMENT WILL ALSO REDUCE THEIR REMUNERATION
WITHIN
NEXT THREE MONTHS
    * COMPANY EXPECTS TO ACHIEVE APPROXIMATELY EUR 0.2 MILLION
IN
SAVINGS OVER NEXT THREE MONTHS THROUGH PERSONNEL ARRANGEMENTS
AND OTHER ONGOING SAVINGS MEASURES

Source text for Eikon:  ID:nGNE7L9P0q 
Further company coverage:  SAVOH.HE 

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