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Provider: Reuters Investment Profile
Provider: Directors Deals Ltd.
Provider: Wright Reports
Provider: Wright Reports

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Tulikivi Oyj to Reduce Personnel by Approximately 90 People

Tuesday, 17 Sep 2013 09:35am EDT 

Tulikivi Oyj announced that the Company is to begin codetermination negotiations concerning its entire personnel, with the aim of implementing the Company’s performance improvement program. Tulikivi plans to reduce its workforce, introduce layoffs and reorganize the Company’s functions and job descriptions of personnel. The savings measures under the performance improvement program cover all the Group’s functions and locations. The Company estimates that it needs to reduce personnel by approximately 90 people. The codetermination negotiations will last at least six weeks. 

Company Quote

0.0080 +3.48%
11:29am EDT