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2009-10-02 14:00:00 CEST 2009-10-02 14:01:30 CEST REGULATED INFORMATION Aldata Solution Oyj - Company AnnouncementALDATA'S FRENCH OPERATIONS RESTRUCTURING COMPLETEDAldata Solution Oyj STOCK EXCHANGE RELEASE 02 October 2009 at 3.00 p.m. (EET) ALDATA'S FRENCH OPERATIONS RESTRUCTURING COMPLETED Aldata is now able to confirm that it considers the previously reported restructuring programme in France as complete and is now able to confirm the outcome of the program. The process of negotiation and review identified the need to reduce 35 people in France, coming primarily from the specific development team, but also coming from management, G & A, and support. During the negotiation phase there were 6 resignations meaning a total of 29 people were made redundant. Although there is still the ongoing possibility to receive legal claims from employees included in the plan, Aldata's management believes that any as yet non-presented claims would not materially affect the financial impact of the program. All of the expenses of the restructuring were included in non-recurring items released on Q2 2009 and there will be no extra expense from the program on Q3 2009. The total cost of the plan is EUR 2.5 million and the expected annual savings from salary and social charges only is expected to be EUR 2.1 million. Aldata's management now considers that its ongoing fixed costs are at the correct level to cope with any prolonged economic crisis and yet it is correctly positioned to be able to react quickly to take advantage of any increase in activity. Aldata Solution Oyj Graham Howell CFO Further information: Aldata Solution Oyj, Graham Howell, CFO, tel. +33 633 057 620 Aldata 100% Retail-Wholesale At Aldata 100% of our business is dedicated to retail and wholesale business improvement. We provide our customers with modern, flexible and integrated software solutions specifically designed to increase productivity, performance and profitability. With over 24,000 successful installations across 52 countries, from convenience store to hypermarket, 480+ live warehouses and customers with 5 to 5,000 outlets, we consistently deliver the goods for retail and wholesale business improvement. Aldata Solution is a public company quoted on NASDAQ OMX Helsinki Ltd with the identifier ALD1V. More information at: www.aldata-solution.com. Distribution: NASDAQ OMX Helsinki Ltd Media |
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