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
Board of Directors
For further information, please contact:
Marcel Kokkeel, CEO
Tel. +358 20 766 4521 or +358 40 154 6760
Eero Sihvonen, Executive Vice President and CFO
Tel. +358 20 766 4459 or +358 50 557 9137
NASDAQ OMX Helsinki