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2011-12-29 13:57:20 CET 2011-12-29 13:58:21 CET REGULATED INFORMATION BasWare - Company AnnouncementBasware streamlines operationsBasware streamlines operations Basware Corporation stock exchange release, December 29, 2011 at 15:00 Basware focuses more strongly on service business and therefore the company streamlines operations and reduces the number of personnel in all functions and in all locations excluding Automation Services function and Indian branch office. The arrangement affects approximately 30 persons. The reduction is intended to be carried out primarily by making offers to support voluntary resignations. The company will present the voluntary resignation offers individually to the persons concerned during January 2012. Due to this arrangement Basware books restructuring costs of approximately EUR 1.2 million in the fourth quarter of 2011. On an annual level the arrangement is estimated to bring cost savings of approximately EUR 2.1 million. More information: Esa Tihilä, CEO, Basware Corporation Tel. +358 40 480 7098 www.basware.com Distribution NASDAQ OMX Helsinki Ltd Main media [HUG#1574222] |
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