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Provider: Reuters Investment Profile
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Provider: Wright Reports

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Efore Oyj Concludes Personnel Negotiations and Lays Off Employees

Monday, 22 Apr 2013 09:15am EDT 

Efore Oyj announced that its personnel negotiations in Finland initiated on March 5, 2013, were concluded on April 22, 2013. As a result of the negotiations, the total reduction in personnel is globally 37 employees of which seven in Finland. In addition, it was agreed on temporary lay-offs affecting all personnel in Finland. Temporary lay-offs can last from 0 days up to two months and they will take place during May 1, 2013 and April 30, 2014. Due to personnel reductions and other streamlining measures the Company estimates to reach annual cost base reduction of EUR 1.8 million by the end of this year. 

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