MARTELA OYJ PRESS RELEASE 30 March 2017 at 1 p.m.
Martela Oyj’s subsidiary Kidex Oy (“Company”) has concluded the consultations
with the employee representatives. Kidex Oy is contract manufacturer for
Martela Oyj’s wooden furniture components.
As a result of consultations Kidex temporarily lays off 36 employees at a
maximum between 12 April 2017 and 30 April 2018. The maximum duration of a
lay-off per employee is 90 days.
With the temporary lay-offs Company a
“Major Synthetic Lubricants Market players including ExxonMobil, British Petroleum, Shell and Castrol accounted for 50% of overall industry size. Other notable industry players are Fuchs, Amsoil, Valvoline and Shell.”
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