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Sanoma Oyj's Sanoma Digital and Sanoma Lehtimedia's Reorganization Process Continues; Employees Laid off

Monday, 8 Oct 2012 02:15am EDT 

Sanoma Oyj announced that on August 16, 2012, its Sanoma News announced the start of program targeting structural changes. The purpose of the program was to assess the product selection, processes and the number of personnel. The start of the co-operation negotiations in Sanoma Digital Finland and Sanoma Lehtimedia was announced at the same time. The co-operation negotiations have now been completed in both units. As a result of the co-operation negotiations, it has been decided to discontinue the print Keltainen Porssi paper. The last issue of the paper will be published on October 26, 2012. In addition, Sanoma Digital functions are centralized to Helsinki. The structural changes in Sanoma Lehtimedia are mostly targeted at the Kymen Sanomat organization. Changes are also targeted at Uutisvuoksi, Sanoma Lehtimedia‚Äôs Imatra editorial office, and the organizations of Lehtimedia's sales and management. The co-operation negotiations result in the termination of the work relationship of 12 employees in Sanoma Digital and 11 employees in Sanoma Lehtimedia. In addition, changes to the conditions of work relationships, such as location of work or work time, will be made for 17 employees in Sanoma Digital and 18 employees in Sanoma Lehtimedia. The overall effect equals a total of 10 person-years in Sanoma Digital and 17.4 person-years in Sanoma Lehtimedia. The ongoing co-operation negotiations of Sanoma Kaupunkilehdet in Sanoma News will be completed approximately on October 24, 2012. 

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