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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Wright Reports
Provider: Wright Reports

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Martela Oyj Concludes Co-operation Negotiations; 19 Persons to Be Dismissed

Thursday, 3 Oct 2013 07:00am EDT 

Martela Oyj announced that the Company has concluded co-operation negotiations concerning all white-collar workers in Martela and in Muuttopalvelu Grundell Oy. As a result of the negotiations the Company's cost level will decrease with the amount correspondingly of 35 employees’ costs by the end of the year 2014. As a result it has been decided to dismiss totally 19 persons. In addition the savings will be realized through normal retirements and other personnel deductions which will not be replaced but the operations will be re-organized. In addition to reducing personnel, the Group is also preparing measures to improve its delivery and supply chains in order to reduce its costs. 

Company Quote

-0.05 -1.67%
22 May 2015