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2011-04-28 09:00:00 CEST 2011-04-28 09:00:03 CEST REGULATED INFORMATION Marimekko - Company AnnouncementMARIMEKKO TUOTANTO OY CONCLUDES STATUTORY EMPLOYER-EMPLOYEE NEGOTIATIONS REGARDING ITS WAREHOUSING OPERATIONSMarimekko Corporation, Stock exchange release 28 April 2011 at 10.00 AM MARIMEKKO TUOTANTO OY CONCLUDES STATUTORY EMPLOYER-EMPLOYEE NEGOTIATIONS REGARDING ITS WAREHOUSING OPERATIONS Marimekko Corporation's subsidiary Marimekko Tuotanto Oy has concluded its statutory employer-employee negotiations on permanent reductions in staffing regarding its warehousing operations in the Herttoniemi district of Helsinki. The negotiations began in March 2011. The decision to start negotiations was made in the light of the operational changes required by the Marimekko Group's Finnish online retailing project as well as measures aimed at enhancing the general cost-effectiveness of warehousing operations. At present, goods deliveries are handled by two main warehouses, which is neither a workable solution for e-commerce nor cost-effective from the viewpoint of other deliveries. The boosting of the efficiency of the warehousing operations and their consolidation in a single location will result in the elimination of 11 positions. The estimated overall need for permanent reductions in personnel in the negotiation proposal was at most 18 jobs. However, the number of different positions filled by transfers within the Group exceeded the original estimates. For additional information, please contact Thomas Ekström, CFO, tel. +358 9 758 7261. MARIMEKKO CORPORATION Group Communications Piia Pakarinen Tel. +358 9 758 7293 Email: piia.pakarinen@marimekko.fi DISTRIBUTION: NASDAQ OMX Helsinki Ltd Key media Marimekko, established in 1951, is a leading Finnish textile and clothing design company renowned for its original prints and colours. The company designs and manufactures high-quality clothing, interior decoration textiles, bags, and other accessories. Marimekko products are sold in about 40 countries. Products with Marimekko designs are also manufactured under licence in various countries. In 2010, the company's net sales amounted to EUR 73.3 million, of which international sales accounted for 29.4%. The Group has about 390 employees. Marimekko's shares are quoted on NASDAQ OMX Helsinki Ltd. www.marimekko.com |
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