Helsinki, 2011-11-22 14:00 CET (GLOBE NEWSWIRE) --
Aktia Group has finished its codetermination negotiations
The companies within Aktia Group have completed the codetermination negotiations in accordance with the Act on Co-operation within Undertakings started 12 October 2011. The codetermination negotiations result in a staff reduction of approximately 25 persons. Initially, the negotiations were expected to result in a staff reduction of 40 persons at a maximum.
The reorganisation is estimated to bring with it non-recurring costs of EUR 1.5 million in the fourth quarter of 2011.
Savings are estimated to exceed EUR 2 million per annum.
AKTIA PLC
For more information, please contact:
Jussi Laitinen, CEO, tel. +358 10 247 6250
From:
Göran Stenberg, Head of Communications, tel. +358 10 247 6590, +358 40 5050 689
Distribution:
Nasdaq OMX Helsinki
mass media
The Finnish Financial Supervisory Authority
www.aktia.f