MARAS Martela Oyj A

Martela starts temporary layoffs in Finnish entities and adjusts its operations in other countries

Martela starts temporary layoffs in Finnish entities and adjusts its operations in other countries

The negative impact of the coronavirus on the overall market conditions has been significant. For this reason, Martela is adjusting its operations to meet the rapidly changed circumstances and will temporarily lay off its personnel in Finland. The duration of the layoffs varies depending on the business area and work assignment, up to a maximum of 90 days. In addition to these layoffs Martela will adjust its operations also in other countries.

In addition to layoffs, Martela will continue to implement its previously announced EUR 4 million savings program and improve productivity.

Matti Rantaniemi

CEO

Further information

Matti Rantaniemi, CEO, tel. 4

Kalle Lehtonen, CFO, tel.  968

Distribution

NASDAQ Helsinki

Main news media





 

EN
19/03/2020

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