Terveystalo's co-operation negotiations have ended

Temporary layoffs are possible in case the demand does not recover to normal

The co-operation negotiations concerning the Terveytalo Group as a whole were completed on 26 June 2020. As a result of the negotiations, personnel may be furloughed for a maximum of 90 days in those positions where work has temporarily decreased and / or the company's conditions for providing work have temporarily decreased. However, personnel costs will be adjusted as far as possible by other means, such as the freezing of replacement recruitments.

The effects of the corona epidemic are still visible in Terveystalo's operating environment as temporary changes in demand and uncertain market outlook. Terveystalo is preparing for a possible prolongation of the exceptional situation and the continuation of mitigation measures in the second half of 2020.

Group-wide co-operation negotiations initiated on 22 June 2020 were completed on 26 June 2020. As a result of the negotiations, Terveystalo may implement temporary layoffs in those positions where work has been temporarily reduced and / or the company's conditions for providing work have been temporarily reduced. However, personnel costs will be adjusted as far as possible by other means, such as the freezing of replacement recruitments.

Possible temporary layoffs can be full-time or part-time, depending on the job and unit, and can last up to 90 days. Any temporary layoff notifications will be made by 31 December 2020.

I'm sorry for the continued uncertainty caused by this situation to all professionals working in Terveystalo. We work hard to make sure, that the demand returns to normal as quickly as possible and any possible furloughs would be as brief as possible. In spite of burdensome spring, I'm proud of Terveystalo's performance in a difficult environment. We have been able to react quickly, innovate and serve our customers and society as a whole on a broad scale. During the spring, Terveystalo's customer satisfaction has continued to rise from previous records. Humble thanks to our professionals for the top performance and and our customers for their trust in our services", says Ville Iho, President and CEO.

Terveystalo communications

Terveystalo in brief
Terveystalo is a listed company on the Helsinki Stock Exchange. Terveystalo is the largest health care service company in Finland with net sales and network. The company offers versatile primary and secondary health care services for corporate and private customers and the public sector. The nationwide network covers 300 locations across Finland. The clinic network is complemented by 24/7 digital services.

In 2019, Terveystalo had approximately 1.2 million individual customers and approximately 3.7 million visits to a physician. Terveystalo employs some 13,000 health care professionals. www.terveystalo.com

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