Alma Consumer companies Alma Media Kustannus Oy and Alma Media Suomi Oy to start statutory personnel negotiations

Alma Media Corporation             Press release 9 May 2018 at 9.15 a.m.

ALMA CONSUMER COMPANIES ALMA MEDIA KUSTANNUS OY AND ALMA MEDIA SUOMI OY TO START STATUTORY PERSONNEL NEGOTIATIONS

In March 2018, Alma Media announced its plan to combine the Alma News & Life business segment and the Alma Regions business segment as Alma Consumer segment. As part of the reorganisation, Alma Media Kustannus Oy and Alma Media Suomi Oy will start statutory personnel negotiations.

In Alma Media Kustannus Oy, the negotiations will concern advertising sales, advertising production, marketing and administration. In Alma Media Suomi Oy, the negotiations will concern marketing and consumer services as well as administration. In the Alma Media Solutions unit, the negotiations will concern product development, marketing and ad operations.

The scope of the negotiations is approximately 120 people. The companies concerned employ approximately 660. According to the preliminary plan, the number of employees may be reduced by a maximum of nine person-years after the planned actions.

In line with Alma Media’s strategy, the objective of Alma Consumer is to accelerate digital business development in content, services and advertising while also ensuring the revenue development of print products. The goal of the restructuring process is to create a new organisational structure with no overlapping functions.

In the negotiations, the parties will discuss the employer’s plans regarding the rationalisation of operations and the potential impacts these measures will have on the employees. The topics to be discussed include, for example, the reorganisation of operations, changes to job descriptions, transfers to other tasks and retraining measures as possible options for redundancies.

More information
Kari Kivelä, Senior Vice President, Alma Consumer, tel. +358 (0)10 665 2032

Alma Media in brief

Alma Media is a media company focusing on the service business and journalistic content. The company’s best-known brands are Kauppalehti, Talouselämä, Affärsvärlden, Iltalehti, Aamulehti, Etuovi.com and Monster. Alma Media builds sustainable growth for its customers by utilising the opportunities of digitalisation, including information services, system and expert services and advertising solutions. Alma Media’s operations have expanded from Finland to the Nordic countries, the Baltics and Central Europe. Alma Media employs approximately 2,250 professionals (excluding delivery employees), of which approximately 30% work outside Finland. Alma Media’s revenue in 2017 was EUR 367.3 million. Alma Media’s share is listed on NASDAQ Helsinki. Read more at www.almamedia.com.