Aktia Non-Life Insurance Company finished co-operation negotiations

Aktia Plc
Stock Exchange Release
8.10.2009 at 11.15
Not for release or distribution in the United States, Australia, Canada or Japan



Aktia Non-Life Insurance Company finished co-operation negotiations

Aktia Non-Life Insurance Company Ltd, a subsidiary of Aktia plc, has completed
negotiations in accordance with the Act on Co-operation within Undertakings
started on 24 August 2009. As a result of the negotiations, Aktia Non-Life
Insurance Company Ltd has decided to terminate the contracts of 19 employees in
order to reorganise business operations and rationalise them for financial and
productional reasons. The staff is downsized by further 11 employees through
other arrangements. 

The aim is to adjust the company's cost structure to the current market
situation, and to enable stable development of the company. The total savings
is approx. EUR 2 million per annum. 

Initially, the negotiations were expected to result in a staff reduction of 40
persons at a maximum. 



AKTIA PLC

For more information, please contact:
Anders Nordman, Managing Director, Aktia Non-Life Insurance Company, tel. +358
10 247 8610 


From: 
Malin Pettersson, Head of Communications, tel. +358 10 247 6369, +358 40 589
7941. 

Distribution: 
Nasdaq OMX Helsinki, mass media, www.aktia.fi

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