MARTELA CORPORATION STOCK EXCHANGE RELEASE 13.3.2009 at 9.00 a.m.
MARTELA CORPORATION TO LAY OFF AND REDUCE PERSONNEL
Martela has concluded the personnel negotiations commenced on 10 February 2009
at the parent company, Martela Corporation. The personnel negotiations concerned
the entire personnel of the parent company.
The personnel negotiations ended on 11 March 2009 and, as a result of the
personnel negotiations, 15 people will be made redundant in the office workers
and factory workers personnel groups. Layoffs affecting the entire workforce
will also be implemented. The layoffs are estimated to correspond to the work
input of 30 person work years.
At the beginning of the personnel negotiations, the number of redundancies was
estimated to total 30 people. The number of redundancies was lower in the end
because the personnel reduction target was attained by other means.
The lay-offs and redundancies are necessary due to the general economic
uncertainty, which has increased significantly.
In Helsinki March 13, 2009
Martela Corporation
Heikki Martela
Managing Director
+358 (0)10 345 5202
Distribution
NASDAQ OMX Nordic
Main news media
www.martela.com
