Endomines has concluded the co-operation consultations

Endomines AB announces that its fully owned Finnish subsidiary Endomines Oy has concluded the co-operation consultations with its employees. A two to four weeks’ notice period has now been initiated prior to the indefinite layoff of 18 employees out of a total of 80 employees. In addition three employees were made redundant and one employee will retire. The layoffs will have no effect on the production. Contractors will adjust their own workforce according to the revised activity plan. The Group's total cost savings of the above measures, combined with other efficiency measures and