Kemira to start co-determination negotiations in Finland
(Thomson Reuters ONE) -
Kemira Oyj
Press Release
August 6, 2012 at 10.30 am (CET +1)
Kemira announced on July 26, 2012 that it will start a global restructuring
program "Fit for Growth" to improve the company's profitability, internal
efficiency and to accelerate growth in the emerging markets. Kemira also
announced that the implementation of the measures related to the program may
ultimately lead to the reduction of up to 600 positions globally, from which
approximately 250 could be reductions in Finland.
Kemira will start co-determination negotiations in Finland which will affect all
employees working at the following group's Finnish sites: Helsinki, Espoo, Oulu,
Sastamala, Kuusankoski, Joutseno, Vaasa and Harjavalta. The invitation to the
negotiations was given to the employee representatives today, on August
6, 2012. At the end of June 2012, Kemira had 5,181 employees from which 1,259
were located in Finland.
"The number of employees affected by the possible personnel reduction has now
been specified and the measures related to the program may affect approximately
260 employees' work in Finland. During the negotiations we will examine e.g.
internal transfers, retirement arrangements and outsourcing. Although we are not
planning to close our sites in Finland, the possibility of some direct layoffs
cannot unfortunately be ruled out. The number of possible direct layoffs will be
defined during the negotiations. Our aim is to complete the negotiations within
the 6 weeks negotiation period," says Jukka Oinonen, Vice President, Human
Resources, Finland.
The cost savings target with the planned "Fit for Growth" program is EUR 60
million on an annualized basis once the program is fully implemented. Non-
recurring charges related to the "Fit for Growth" program are estimated to be
around EUR 85 million. These charges are expected to be accounted for within the
next four quarters.
Organizational restructuring also affects Kemira's sites outside Finland and the
negotiations in the sites affected by the possible personnel reductions will
proceed in each country according to the local legislation. Kemira has
operations in around 40 countries.
For more information, please contact
Kemira Oyj
Jukka Oinonen
Vice President, Human Resources, Finland
Tel. +35810 862 1006
Leena Lie
Vice President, Communications
Tel. +35810 862 1153
Kemira is a global over two billion euro water chemistry company that is focused
on serving customers in water-intensive industries. The company offers water
quality and quantity management that improves customers' energy, water, and raw
material efficiency. Kemira's vision is to be a leading water chemistry company.
www.kemira.com
www.waterfootprintkemira.com
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Source: Kemira Oyj via Thomson Reuters ONE
[HUG#1631977]
Unternehmensinformation / Kurzprofil:
Datum: 06.08.2012 - 09:30 Uhr
Sprache: Deutsch
News-ID 171741
Anzahl Zeichen: 3621
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Kemira to start co-determination negotiations in Finland"
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