Ixonos Plc Stock Exchange Release 11 February 2010 at 17:00
IXONOS' CO-OPERATION NEGOTIATIONS HAVE CONCLUDED
Ixonos Plc has completed the co-operation negotiations that begun on 12 January
2010, which concerned the Group's personnel working in the Ixonos Business
Solutions Ltd. The goal of the co-operation negotiations was to focus the
Group's technical know-how to better match the needs of the business operations,
adjust operations to the decreased demand in defined competence areas as well as
to rationalize the profitability of operations in Finland.
As an outcome of the negotiations, 20 employees will be dismissed from the
Ixonos Business Solutions Ltd. The negotiations also resulted in an agreement
that as a result of decreasing demand for customer work in 2010 a maximum of 10
employees working in defined competence areas can be laid off.
The measures
that were agreed upon are estimated to result in savings amounting to
approximately EUR 1 million from the second quarter of this financial year.
IXONOS PLC
Kari Happonen
President and CEO
For more information, please contact:
Ixonos Plc
Kari Happonen, tel. +358 400 700 761, kari.happonen@ixonos.com
Distribution:
Nasdaq OMX Helsinki
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