YIT’s co-operation negotiations concerning Business premises and Partnership properties segments and Group support functions have concluded

YIT Corporation Press release March 13, 2020 at 9.00 a.m. 

YIT has concluded the co-operation negotiations concerning white collar employees in Business premises and Partnership properties segments and Group support functions. The target for the plans discussed in co-operation negotiations was to boost business operations and adjust organisation and cost structure to respond to business needs. Potential reduction needs did not concern white collar employees in production jobs and blue-collar employees at construction sites. 

The estimated number of personnel to be reduced in case of redundancies is at the maximum 40 employees. The potential reduction needs concern Business premises segments and Group support functions. The total number of personnel to be reduced in case of redundancies will be refined as the actions proceed. The planned changes will become effective in phases by the end of 2020. 

For further information, please contact:   
Pii Raulo, Executive Vice President, Human Resources, YIT Corporation, tel. +358 40 572 3568, pii.raulo@yit.fi  
Hanna Malmivaara, Senior Vice President, Communications, YIT Corporation, tel. +358 40 5616568, hanna.malmivaara@yit.fi   

YIT is the largest Finnish and significant North European construction company. We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers, our nearly 10,000 professionals are creating more functional, more attractive and more sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, the Baltic States, the Czech Republic, Slovakia and Poland. The new YIT was born when over 100-year-old YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. Our restated pro forma revenue for 2018 was approximately EUR 3.2 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com