Terrafame concluded its change negotiations
In February 2024, Terrafame announced that it had decided to initiate a profitability programme, aiming to generate EUR 10 million in annual savings and to improve the company’s international competitiveness and profitability. As part of the profitability programme, Terrafame issued on 21 February 2024 an invitation to change negotiations concerning all personnel groups on production-related and financial grounds in accordance with the Finnish Co-operation Act. The negotiations affected Terrafame’s entire personnel, which is comprised of over 800 permanent employees. The aim of the