ELISA?S PERSONNEL NEGOTIATIONS CONCLUDED
ELISA CORPORATION STOCK EXCHANGE RELEASE
13 JANUARY 2004 AT 8.00am
ELISAS PERSONNEL NEGOTIATIONS CONCLUDED
The Elisa Groups personnel negotiations concerning the operations
in Finland, initiated on 3 November 2003, have been concluded on
12 January 2004.
The negotiations applied to the principal part of operations of
the Groups wholly-owned companies and part of the parent
companys operations, approximately 3 800 people in total. The
negotiations did not concern the personnel working in direct
customer interface.
Upon the initiation of the negotiations, the reduction need was
estimated to be 900 people. As a result of the negotiations, the
number of the personnel will decrease by 761 people. In addition
to this, 142 fixed-term employments will be discontinued. There
are 241 pension, voluntary and other solutions. The number of
people to be made redundant is 520.
Those facing redundancies will be supported via different means,
through outplacement programmes organised by the company, for
instance. Furthermore, retraining and further training will be
carried out in cooperation with labour authorities.
The undergoing reform programme will achieve the earlier estimated
saving objectives for the years 2004-2005.
ELISA CORPORATION
Mr Velipekka Nummikoski,
Vice President, Corporate Communications
Additional information:
Mr Veli-Matti Mattila, President and CEO, tel. +358 10 262 2635
Mr Velipekka Nummikoski, Vice President, Corporate Communications,
tel. +358 50 506 5588
Mr Martti Sorsa, Chief Shop Steward, tel. +358 50 555 2640
DISTRIBUTION:
Helsinki Exchanges
Major media
