Pöyry Oyj: Pöyry concludes statutory employee negotiations in Finland

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. [phone]

Jaana Rinne, SVP, Human Resources, Pöyry PLC, tel. [phone]

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Source: Pöyry Oyj via Globenewswire

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