Oriola-KD's co-operation negotiations in Finland completed

(Thomson Reuters ONE) -


Oriola-KD Corporation Stock Exchange Release 16 March 2015 at 8.30 a.m.


Oriola-KD's co-operation negotiations in Finland completed

Oriola-KD announced on January 20, 2015 its plans to begin co-operation
negotiations in Finland on January 28, 2015. The co-operation negotiations were
completed on March 11, 2015. As a result, Oriola-KD will reduce its workforce by
a maximum of 60 positions.  Oriola-KD will provide support for those affected by
the restructuring.


The estimated annual cost savings will be approximately EUR 2 million of which
EUR 1.3-1.5 million are estimated to realise in 2015. The related non-recurring
costs are estimated to be approximately EUR 1.3 million.



Oriola-KD Corporation


Eero Hautaniemi
President and CEO



Further information:

Eero Hautaniemi
President and CEO
Oriola-KD Corporation
tel. +358 10 429 2109
e-mail: eero.hautaniemi(at)oriola-kd.com


Kimmo Virtanen
Managing Director
Oriola Oy
tel. +358 10 429 2069
e-mail: kimmo.virtanen(at)oriola.fi


Distribution:
NASDAQ OMX Helsinki Ltd
Key media



Released by:
Oriola-KD Corporation
Corporate Communications
Orionintie 5
FI-02200 Espoo, Finland
www.oriola-kd.com



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Source: Oriola-KD Oyj via GlobeNewswire
[HUG#1903649]

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Bereitgestellt von Benutzer: hugin
Datum: 16.03.2015 - 07:30 Uhr
Sprache: Deutsch
News-ID 378544
Anzahl Zeichen: 2017

contact information:
Town:

Espoo

Kategorie:

Business News

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