Ixonos commences co-operation negotiations and streamlines its corporate structure
Ixonos commences co-operation negotiations and streamlines its corporate
Helsinki, Finland, 2013-03-04 08:00 CET (GLOBE NEWSWIRE) -- Ixonos Plc
Stock Exchange Release 4 March 2013 at 09:00
Ixonos commences co-operation negotiations with its personnel for reasons
related to production, financial position and reorganization of operations.
The efforts to re-focus the business and to streamline the corporate structure
have not progressed fast enough and to the needed extent during year 2012. In
order to restore profitability, Ixonos will implement further efficiency
measures in its global operations during year 2013. The co-operation
negotiations aim to adapt the cost structure of the Finnish companies to meet
the changed situation and the desired direction, as well as to improve the
competitiveness and profitability of the company.
The negotiations apply to all Ixonos personnel in Finland. The actions are
estimated to impact maximum of 87 employees in Finland.
At the same time, the company announces that it will discontinue its operations
in China, and plans to transfer its software production operations in Tallinn
to the Kosice branch in Slovakia during 2013.
President and CEO
For more information, please contact:
Ixonos Oyj, Esa Harju, CEO, tel. 040 844 3367,
NASDAQ OMX Helsinki