PÖYRY PLC Company announcement 7 January 2014 at 10:15 a.m.
The statutory employee negotiations started in November 2013 in the industry-related business units of the Regional Operations and the Industry Business Group in Finland have been completed. The initial plan was aimed at reducing capacity by approximately 200 people including temporary layoffs and permanent reductions.
Based on the negotiations the overall capacity will be reduced by a maximum of the capacity of 200 people, including temporary layoffs and permanent reductions by a maximum of 25 people. Temporary layoffs until further notice commence in stages, beginning in January and depend on the prevailing market situation and workload.
Pöyry employs over 2000 people in Finland.
Additional information:
Pasi Tolppanen, Managing Director, Pöyry Finland Oy, tel. +358 10 332 6656
Jaana Rinne, SVP, Human Resources, Pöyry PLC, tel. +358 10 332 2153
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Pöyry Oyj via Globenewswire
