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Provider: MarketLine (a Datamonitor Company)
Provider: Reuters Investment Profile
Provider: Edison Investment Research
Provider: Directors Deals Ltd.

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Comptel Oyj Continues Cost Saving Activities and Starts Statutory Cooperation Negotiations in Finland and United Kingdom

Tuesday, 7 Aug 2012 04:00am EDT 

Comptel Oyj announced that it has convened a meeting for statutory cooperation negotiations to address the potential personnel impacts in Finland and United Kingdom. It is estimated that the reduction need is approximately 30 persons. The Company will continue to invest in its strategic areas and Research and Development functions will not be impacted. The negotiation process is expected to be completed in September 2012. This target is a part of the cost savings of approximately EUR 10 million which the Company aims to achieve on annual level, as announced on June 15, 2012. 

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