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Provider: Reuters Investment Profile
Provider: Directors Deals Ltd.

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Efore Oyj Commences Labor Negotiations and Estimates to Layoff at Most 75 Employees

Tuesday, 5 Mar 2013 01:55am EST 

Efore Oyj announced that the Company has started profitability and efficiency improvement program aiming to streamline Efore‚Äôs operations and organization to improve the capability to face the demand fluctuations. As part of the program, the Company commences labor negotiations with its entire personnel in all locations. According to a preliminary estimate, a reduction in personnel of at most 75 employees will be required of which at most 15 in Finland. In Finland, in addition to permanent layoffs, negotiations will be conducted on possible temporary layoffs affecting all personnel groups. On January 31, 2013 Efore's total number of employees was 825 and 83 of them worked in Finland. 

Company Quote

18 Dec 2014