Kauppalehti’s statutory personnel negotiations completed

Alma Media Corporation       Press Release       24 March 2016, 2:45 p.m. (EET)

KAUPPALEHTI’S STATUTORY PERSONNEL NEGOTIATIONS COMPLETED

The statutory personnel negotiations concerning Kauppalehti Ltd’s employees, started in late February, have now been completed. Their aim was to create a new organisational structure that will not have overlapping functions and that will help to shift the focus to digitalising media use in editorial and advertising sales operations. The negotiations concerned a total of 230 persons.

The reorganisation will reduce the amount of work by approximately 33 person-years during the next year. Reductions were achieved through relocation, natural attrition, voluntary retirement and severance packages. At most two people will be dismissed.

“The employees of both companies—Talentum and Kauppalehti—are talented professionals. This also became evident in the negotiations where difficult issues could be agreed on in a businesslike manner and within a tight schedule. The first phase of the combination process is now almost over. Alma Talent’s new management was appointed early this year and the new organisations will start their work in the Alma building during the next few weeks,” says Juha-Petri Loimovuori, CEO of Kauppalehti Ltd.

The reorganisation will not affect the business operations or products of Talentum or Kauppalehti, these will remain as they are.

For more information, please contact:

Juha-Petri Loimovuori, CEO of Kauppalehti Ltd and Alma Talent, tel. +358 10 665 2360

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 digitality, 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 2,500 professionals (excluding delivery personnel), of whom approximately 30% work outside Finland. Alma Media’s revenue in 2015 was EUR 291.5 million. Alma Media’s share is listed on NASDAQ Helsinki. Read more at www.almamedia.com.