EB, ELEKTROBIT CORPORATION CONCLUDED ITS PERSONNEL NEGOTIATIONS
(Thomson Reuters ONE) -
STOCK EXCHANGE RELEASE
Free for publication, on June 22, 2010, at 9.30 am (CEST +1)
EB, ELEKTROBIT CORPORATION CONCLUDED ITS PERSONNEL NEGOTIATIONS
EB, Elektrobit Corporation has today concluded the personnel negotiations
started on June 7, 2010, with its personnel in Elektrobit Wireless
Communications Ltd and Elektrobit Corporation in Finland. The target of the
negotiations has been to adjust its operations and cost level in the second half
of 2010 to correspond the temporarily decreased order volumes in Wireless
Solutions Business.
As a result of the negotiations EB will temporarily dismiss approximately 100
employees full or part time for maximum of 90 days starting in July - August. If
necessary, EB can execute additional temporary dismissals at maximum of
approximately 100 employees during autumn. EB supports the competence
development of the employees being temporarily dismissed by further extending
its training programs significantly.
In case the temporary dismissals are being executed in full, the estimated cost
savings in the second half of 2010 will be approximately EUR 1.7 million. This
adjustment measure has no effect on the outlook for the first half of 2010 as
announced in April 29, 2010. EB will give the outlook for the second half of
2010 in context with the interim report January-June 2010.
The temporary dismissals have no direct impact on EB's customer work or on
Wireless Solutions business strategy.
Oulu, June 22, 2010
Elektrobit Corporation
Jukka Harju
CEO
Further information:
Ari Virtanen
Executive Vice President, Wireless Solutions
Tel. +358 400 435 878
Panu Miettinen
CFO
Tel. +358 40 344 5338
Distribution:
NASDAQ OMX Helsinki
Principal media
EB, Elektrobit Corporation
EB develops advanced technology and transforms it into enriching end user
experiences. EB specializes in demanding embedded software and hardware
solutions for the automotive industry and wireless technologies. The company's
net sales for the year 2009 totaled EUR 153.8 million. Elektrobit Corporation is
listed on the NASDAQ OMX Helsinki.www.elektrobit.com
[HUG#1426003]
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Source: Elektrobit Oyj via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 22.06.2010 - 08:31 Uhr
Sprache: Deutsch
News-ID 22804
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contact information:
Town:
Oulu
Kategorie:
Business News
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