EMPLOYER-EMPLOYEE NEGOTIATIONS CONCLUDED IN DONE LOGISTICS OY
Revenio Group Corporation
Stock exchange release, December 9, 2011 at 3.30 p.m.
EMPLOYER-EMPLOYEE NEGOTIATIONS CONCLUDED IN DONE LOGISTICS OY
Emloyer-employee negotiations, based on the Act on Co-operation within Undertakings and launched in November 2011, have today been concluded in Done Logistics Oy, a subsidiary of Revenio Group Corporations Systems segment. The negotiations have resulted in the right of laying off or shifting to part time employment from 1 February, 2012. The right will cover company’s entire personnel and is valid until 31 December, 2012.
The agreement reached will enable immediate cost adjustments, if demand weakens as a result of the economic situation and customers postpone their planned investment decisions.
For further information, please contact:
Olli-Pekka Salovaara, President & CEO, +358 (0)40 567 5520 (mobile)
olli-pekka.salovaara@revenio.fi
DISTRIBUTION:
NASDAQ OMX Helsinki
Financial Supervisory Authority (FIN-FSA)
Key media
Revenio Group Corporation, listed on the NASDAQ OMX Helsinki, is the parent company of the Finnish conglomerate Revenio Group. Revenio Group Corporation's subsidiaries share a focus on Finnish specialist expertise and export-based operations.
Revenio Group consists of six independent subsidiaries in five business areas. These subsidiaries are Done Logistics Oy, Done Software Solutions Oy, Icare Finland Oy, Boomeranger Boats Oy, FLS Finland Oy and Midas Touch Oy.