Alma Intermedia revises its strategy and plans to reorganise and rationalise its operations

Alma Intermedia revises its strategy and plans to reorganise and rationalise its operations

ID: 123849

(Thomson Reuters ONE) -


Alma Media Corporation Press release March 12, 2012 at 15:00

ALMA INTERMEDIA REVISES ITS STRATEGY AND PLANS TO REORGANISE AND RATIONALISE ITS
OPERATIONS

Alma Intermedia Oy, an online directory and telemarketing company belonging to
Alma Media Group, will revise its strategy during the coming months.
Simultaneously, Alma Intermedia plans to reorganise and rationalise its
operations to accelerate the execution of the renewing strategy.

The planned changes reflect the difficult market conditions in the directories
business and the weakened competitiveness of Alma Intermedia. The objective is
to improve the competitiveness and operational preconditions of
suomenyritykset.fi online directory and to secure the financial position of Alma
Intermedia.

Due to the planned measures, Alma Intermedia begins statutory cooperation
negotiations with its employees. The negotiations encompass the entire personnel
of the company, in total 18 persons. The negotiations concern the plans to
rationalise and reorganise operations, the consequences these actions may have
on personnel as well as the grounds, impacts and alternatives for the actions.
Alma Intermedia has anticipated that the number of its employees may decrease by
11 person-years maximum as a result of the negotiations.

For further information, please contact:
Pasi Välimaa, Managing Director, Alma Intermedia Oy, tel. +358 40 711 8411


Alma Media in brief

Alma Media is a dynamic media company whose best-known products are Aamulehti,
Iltalehti, Kauppalehti and Etuovi.com. Alma Media employs approximately 3,000
professionals. The company's net sales in 2011 totalled MEUR 316.2 with an
operating margin of 13.3 per cent. Alma Media's share (ALN1V) is listed in the
NASDAQ OMX Helsinki Exchange. Read more at www.almamedia.fi










This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Alma Media Oyj via Thomson Reuters ONE

[HUG#1593233]


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Bereitgestellt von Benutzer: hugin
Datum: 12.03.2012 - 14:01 Uhr
Sprache: Deutsch
News-ID 123849
Anzahl Zeichen: 2582

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