MIDAS TOUCH OY TO LAUNCH CO-OPERATION NEGOTIATIONS
Done Solutions Corporation
Stock Exchange Release, February 11, 2009, at 15.10 pm
MIDAS TOUCH OY TO LAUNCH CO-OPERATION NEGOTIATIONS
Co-operation negotiations, based on the Act on Co-operation within
Undertakings, will be launched in Midas Touch Oy, a Done Solutions Corporation
subsidiary in the Services segment, in order to adapt its operations to the
current market situation. Demand for the company's services has fallen short of
expectations at the beginning of the year, in particular in sales activities
targeted at private households. Since the company anticipates these changes in
demand to be long term in nature, the necessary measures will affect all of its
operations.
The co-operation negotiations concern all personnel of Midas Touch Oy and its
subsidiaries. The negotiations will be conducted in order to prepare for the
laying off, part-time employment and/or termination of employment of 0 to 200
employees. The scope of the adjustment measures will be determined more
precisely as a result of the co-operation negotiations that are now being
initiated.
These co-operation negotiations will not affect the Group's previously
announced profit guidance for 2008.
Done Solutions Corporation
Olli-Pekka Salovaara
President and CEO
For further information, please contact:
Olli-Pekka Salovaara, President & CEO, mobile +358 (0)40 567 5520
olli-pekka.salovaara@donesolutions.com
http://www.donesolutions.com
Distribution:
Helsinki Stock Exchange
Financial Supervision Authority
Major media
Done Solutions Corporation, listed on the OMX Helsinki Stock Exchange, is the
parent company of Done Group. Done's subsidiaries focus on the provision of
advanced Finnish specialist expertise and export-based operations.