BRIEF-Stockmann ends cost cut talks, slashes 240 jobs

HELSINKI, June 3 Tue Jun 3, 2014 1:34am EDT

HELSINKI, June 3 (Reuters) - Stockmann Oyj Abp : * Stockmann's cost savings programme is making progress: department stores will

have new operating model and cost saving measures will continue in support

functions * Says the comparable annual savings target of these changes is around EUR 10

million that will be fully achieved beginning from 2015 * Says cuts 240 man-years (Reporting by Helsinki Newsroom)