Altias statutory employee cooperation negotiations in Finland concluded

The statutory cooperation negotiations with the staff of Altia’s Finnish personnel were concluded on 20 October 2014. As the outcome of the negotiations Altia reorganizes its business structure. In the new business structure the country units will have common sales and management as well as back office functions, while brand management continues to operate under current Altia subsidiaries.

As a consequence of the changes as well as production and financial related reasons the employer has decided to dismiss 18 employees and several employees will be offered a new position at Altia. In addition, 16 employees have voluntarily left during the negotiations and 7 employees have decided to retire. Employer will organize outplacement services for all dismissed employees, which aims at shortening the possible unemployment period.

The changes in Altia's business structure are part of Altia's new strategy which aims to achieve major improvements in profitability by 2016. The corresponding process regarding Altia's operations in Norway and Sweden is still on-going.

Additional information

Sanna Hokkanen, SVP HR, Altia Oyj  mobile: 00 358 50 387 2899