Lehto’s employee cooperation negotiations have been completed
Lehto Group PlcStock exchange release7 November, 2019 at 8.05 a.m.Lehto Group has completed the employee co-operation negotiations launched in September. Negotiations were conducted to improve the company's profitability and to adjust its personnel and factory capacity to the current need. As a result of negotiations Lehto will execute redundancies, part-time employment contracts and lay-offs that correspond approximately 144 man years and they are estimated to generate annual cost savings close to EUR 7 million. Most of the measures are taken in factory production, where a total of