Citycon commences collaborative negotiations in Finland aiming at renewing its operating model

Stock exchange releases - 12 December 2012


 Citycon plans to reorganize its business operations to increase efficiency, gain synergies and reduce costs.



 Statutory collaborative negotiations are commenced in the Finnish Business Unit concerning the planned reorganization and outcomes, including possible personnel reduction measures. The company’s current estimate is that the planned reorganization may lead to a personnel reduction of 14 employees, at most, and also substantial changes in job descriptions or other terms of employment.



 The collaborative negotiations concern about 60 employees of Citycon’s Finnish business operations.



 Helsinki, 12 December 2012

 

 CITYCON OYJ

 Board of Directors


 

 For further information, please contact:

 Marcel Kokkeel, CEO

 Tel. +358 20 766 4521 or +358 40 154 6760


 marcel.kokkeel@citycon.fi

 

 Eero Sihvonen, Executive Vice President and CFO


 Tel. +358 20 766 4459 or +358 50 557 9137

 eero.sihvonen@citycon.fi

 

 Distribution:

 NASDAQ OMX Helsinki

 Major media

 www.citycon.com



 

 

  

Read the latest about what's going on
10 May 2022
Managers’ transactions
10 May 2022
Managers’ transactions
10 May 2022
Managers’ transactions