Brief: Valoe Says Commences Change Negotiations That Concern Its Entire Personnel In Finland

Valoe Oyj

02/03/2023 16:32

March 2 (Reuters) - Valoe Oyj  VALOE.HE :
    * VALOE COMMENCES CHANGE NEGOTIATIONS THAT CONCERN ITS
ENTIRE
PERSONNEL IN FINLAND TO ADJUST ITS OPERATIONS AFTER SONO MOTORS'
SION PROJECT WAS CANCELLED
    * CANCELLATION OF SONO'S SION PROJECT WILL AFFECT VALOE'S
NET
SALES AND RESULTS FOR 2023
    * CASH FLOW AND WORKLOAD AT JUVA FACTORY WILL DECREASE AT
LEAST IN
FIRST AND SECOND QUARTERS OF 2023
    * CO ESTIMATES THAT NEED FOR STAFF REDUCTIONS IS BETWEEN 1&
3
EMPLOYEES AND THAT TEMPORARY LAY-OFFS AFFECT ALL STAFF

Source text for Eikon:  ID:nGNE9JfPG 
Further company coverage:  VALOE.HE 

 ((Reuters.Briefs@thomsonreuters.com;))