Alma Media Solutions adjusts its operations and begins change negotiations
Alma Media Corporation Press release 4 March 2024
ALMA MEDIA SOLUTIONS ADJUSTS ITS OPERATIONS AND BEGINS CHANGE NEGOTIATIONS
Alma Media's centralised organisation for advertising sales and development of digital advertising Alma Media Solutions is planning efficiency enhancement measures to strengthen future competitiveness. The negotiations planned by Alma Media Solutions are based on the market's subdued growth outlook and on the intention to accelerate implementation of the strategy through re-organisation. In addition, previous system investments will enable more automated and efficient processes in the operations of Alma Media solutions in the future.
Alma Media Solutions will start change negotiations with its personnel regarding Alma Media's centralised organisation for advertising sales and development of digital advertising. The negotiations do not include Netello employees. According to current estimates, the implementation of planned measures can lead to a reduction of up to 38 people.
The negotiations will discuss the employer's initial plans for improving the efficiency of operations and the possible effects of their implementation on personnel. Topics covered include among others, reorganisation of functions, changes in job descriptions and transfers from one task to another, as well as training and relocation opportunities.
In accordance with Alma Media's strategy, Alma Media Solutions aims to accelerate the growth and development of media advertising by expanding the offering of digital marketing solutions and diversifying advertising service production and purchasing channels.
– We are exploring options to develop our service portfolio to enable the success of our customers and their agencies. We want to further accelerate value creation in the digital environment, renew our offering and meet the expectations of our customers', says Director Tiina Kurki, Alma Media Solutions.
For more information:
Tiina Kurki
Director, Alma Media Solutions tel. +358 10 665 2015
Alma Media in brief
Alma Media is an international company of digital media, marketplaces and services with a strong capacity for renewal. We inspire human curiosity and choice by creating services that combine technology and content with a local heart. In Finland, our best-known brands include Kauppalehti, Talouselämä, Iltalehti, Jobly, Etuovi.com, Nettiauto and Nettimoto. Our recruitment services include prace.cz and jobs.cz in the Czech Republic, Profesia.sk in Slovakia and mojposao.net in Croatia.
In Finland, our business operations include leading housing and automotive marketplaces, financial and professional media, national consumer media and content and data services for businesses and professionals. Alma Media’s international business in Eastern Central Europe, Sweden and the Baltic countries consists of recruitment services and an online marketplace for commercial properties.
Alma Media operates in 12 countries in Europe and employs approximately 1,700 professionals. Alma Media’s revenue from continuing operations was EUR 305 million in 2023 of which the share of digital business was 82%. Alma Media’s share is listed on NASDAQ Helsinki. Read more at www.almamedia.fi/en/.