MARTELA OYJ STOCK EXCHANGE RELEASE 9 March 2017 at 1 p.m.
Martela Oyj’s subsidiary Kidex Oy (“Company”) plans flexibility in its organization to adjust to demand fluctuations of production. Kidex Oy is contract manufacturer for Martela Oyj’s wooden furniture components.
Company estimates that the planned changes might result in lay-offs having impact on 36 employees at the most. Company has invited employee representatives to consultations, according to the local legislation.
Martela Oyj
Matti Rantaniemi
CEO
Further information:
Martela Oyj
Matti Rantaniemi, CEO, Martela Oyj
Petri Boman, VP, Customer Supply Management, Martela Oyj
Distribution
NASDAQ Helsinki
Main news media
www.martela.com
