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Provider: Reuters Investment Profile
Provider: MarketLine (a Datamonitor Company)
Provider: Thomson Reuters StreetEvents

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Tieto Oyj Plans Cost Savings by Capacity Optimization-DJ

Thursday, 29 Nov 2012 02:57am EST 

Dow Jones reported that Tieto Oyj plans to take measures to cut annual costs by more than EUR10 million, in addition to a previously announced cost-savings program. The new cost savings, announced in conjunction with the Company's capital markets day, are mainly related to capacity optimization in the telecom sector and additional efficiency measures across the Company. The implementation of the measures is expected to materialize by the end of the first quarter of 2013 and Tieto estimates it will book over EUR 5 million in additional one-off costs related to the efficiency measures. 

Company Quote

-0.06 -0.30%
25 Jul 2014