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Tieto Oyj Starts Personnel Negotiations to Reduce Positions in Several Units

Tuesday, 20 Aug 2013 04:15am EDT 

Tieto Oyj announced that the Company continues its earlier announced measures to improve internal efficiency and to meet its long term financial targets. As part of the actions, Tieto starts personnel negotiations to reduce up to 135 positions in Finland in Managed Services, Product Development Services and Administrative Services unit in Support functions. Additionally, there are individual processes on-going in Sweden and in other countries aiming to reduce up to 35 positions in Sweden and a total of 100 in China, the Czech Republic and Poland. The restructuring costs in 2013 are expected to be around half of the previous year's level (EUR 57 million in 2012). In addition to the announced process, Tieto started personnel negotiations in Consulting and System Integration in May to reduce up to 300 positions globally and this process is still on-going. 

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