Helsinki, 2011-11-23 09:05 CET (GLOBE NEWSWIRE) -- Revenio Group Corporation STOCK EXCHANGE RELEASE 23.11.11 at 10.05
DONE LOGISTICS OY TO BEGIN EMPLOYER-EMPLOYEE NEGOTIATIONS
Done Logistics, a subsidiary of Revenio Group Corporation’s Systems segment, will begin negotiations in line with the Act on Co-operation within Undertakings, to prepare for probable weakened demand due to economic uncertainty in 2012. The aim of the negotiations is to enable immediate cost adjustments, if demand weakens as a result of the economic situation and customers postpone planned investment decisions.
The negotiations concern all employees of the company and will prepare for the laying off, part-time employment and/or termination of employment of 0 to 49 employees. Adjustment measures are expected to solely, or at least mainly, involve lay-offs. The scope of such measures will be more precisely defined in the light of the forthcoming negotiations and prospective demand.
These co-operation negotiations will not affect the Group’s previously announced profit guidance for 2011.
Revenio Group Corporation
Olli-Pekka Salovaara
President and CEO
For further information, please contact:
Olli-Pekka Salovaara, President and CEO, mobile +358 (0)40 5675520
olli-pekka.salovaara@revenio.fi
DISTRIBUTION:
NASDAQ OMX Helsinki
Financial Supervisory Authority (FIN-FSA)
Key media
Revenio Group Corporation, the parent company of the Finnish conglomerate Revenio Group is listed on the NASDAQ OMX Helsinki. Revenio's subsidiaries focus on providing advanced Finnish specialist expertise and export-based operations.
Revenio Group consists of six independent subsidiaries in five business segments. These subsidiaries are Done Logistics Oy, Done Software Solutions Oy, Icare Finland Oy, Boomeranger Boats Oy, FLS Finland Oy and Midas Touch Oy.