YIT reorganises operations in Russia and recognises EUR 10.4 million of non-recurring costs
STOCK EXCHANGE RELEASE OCTOBER 16, 2015 AT 08:30 A.M.YIT reorganises operations in Russia and recognises EUR 10.4 million of non-recurring costs In line with the strategy, YIT is reducing its risk level in Russia by decreasing the production volume to match current demand. YIT will continue to operate in all current locations, but to increase flexibility and to ensure cost-efficiency and competitiveness, the operations are reorganised. The division structure of YIT’s Russian operations will be revised. As of January 1, 2016, the divisions will be St. Petersburg, Moscow (City and