Fiskars - Company Announcement

Fiskars’ new organizational structure from January, 2017 onwards

Fiskars Corporation
Stock Exchange Release
December 20, 2016 at 10:00 EET

Fiskars’ new organizational structure from January, 2017 onwards

Fiskars’ organizational structure, coming into effect as of January 1, 2017,
features two Strategic Business Units (SBU) Living and Functional. The company
announced its plans to shift from a region-based organization and form two
strategic business units in November, 2016 with the aim to leverage the full
potential of its strong brands, build company-wide capabilities and increase
speed and alignment. 

In connection with the new organizational structure, Fiskars proposed to reduce
positions in areas where there are overlaps or potential to seek efficiencies.
Including the addition of a number of new positions, the net reduction of
Fiskars’ personnel was estimated to be 130 positions globally. Employee
consultations initiated in Finland have now been concluded and the maximum
number of positions being reduced is 19 in Finland. The process continues in
other countries and timelines vary from one country to another. Plans are
subject to information and consultation with employees and their
representatives according to local legislation. Employees in manufacturing and
distribution centre operations are not in scope of the personnel reductions. 

These changes are a part of the Alignment program announced on November 10,
2016. The program focuses on the structural changes in the organization,
proposed headcount reductions announced in November, and the full integration
of the English & Crystal Living business, acquired in 2015. 


FISKARS CORPORATION


Kari Kauniskangas
President and CEO


Media and investor contacts:
Head of Corporate Communications and Corporate Responsibility Maija Taimi, tel.
+358 204 39 5031, communications@fiskars.com 



Fiskars – Making the everyday extraordinary
Fiskars serves consumers and customers around the world with a brand portfolio
of globally recognized brands including Fiskars, Gerber, Iittala, Royal
Copenhagen, Waterford, and Wedgwood. Building on our mission to create a family
of iconic lifestyle brands, Fiskars’ vision is to create a positive, lasting
impact on our quality of life. Please visit www.fiskarsgroup.com for more
information.

Attachments:

20161220 Fiskars new organizational structure from January 2017 onwards_eng.pdf