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2009-10-14 11:20:00 CEST 2009-10-14 11:20:00 CEST REGULATED INFORMATION Revenio Group Oyj - Company AnnouncementMIDAS TOUCH OY CONCLUDES ITS CO-OPERATION NEGOTIATIONS WITH EMPLOYEESRevenio Group Corporation Stock Exchange Release, October 14, 2009 at 12.20 pm MIDAS TOUCH OY CONCLUDES ITS CO-OPERATION NEGOTIATIONS WITH EMPLOYEES Co-operation negotiations conducted by the Midas Touch Oy, a subsidiary of Revenio Group Corporation's Services Segment, have been concluded. The negotiations have resulted in the dismissal or shift to part-time contracts of 36 employees. Most dismissals relate to employees who were already laid off. In addition, the companies are prepared to lay off their salaried employees for a maximum of two weeks by the end of 2009. The measures are expected to produce cost savings of EUR 400,000 per year. They will produce a non-recurrent expense of approximately EUR 50,000. Revenio Group Corporation Olli-Pekka Salovaara President and CEO For further information, please contact: Olli-Pekka Salovaara, President & CEO, mobile +358 (0)40 567 5520 olli-pekka.salovaara@revenio.fi http://www.revenio.fi DISTRIBUTION: NASDAQ OMX Helsinki Financial Supervisory Authority (FIN-FSA) Major media www.revenio.fi Revenio Group Corporation is the parent company of the Finnish conglomerate Revenio Group. The Corporation is listed on the NASDAQ OMX Helsinki. Revenio's subsidiaries share a focus on Finnish specialist expertise and export-based operations. Revenio Group consists of six independent subsidiaries in five business segments. The subsidiaries are Done Information Oy, Done Logistics Oy, Icare Finland Oy, Boomeranger Boats Oy, Finnish Led-Signs Oy and Midas Touch Oy. |
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