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2009-11-30 12:25:59 CET 2009-11-30 12:26:48 CET REGULATED INFORMATION Finnair Oyj - Company AnnouncementFINNAIR AGREES PARTNERSHIPS IN ITS SUBSIDIARIESFINNAIR PLC STOCK EXCHANGE RELEASE 30.11.2009 at 1.26 p.m As part of the Finnair Group's structural development, as of 1 December 2009 the Group's ground handling company Northport has agreed a transfer of business with the Barona Group in terms of its baggage and apron services at Helsinki-Vantaa Airport. Around 490 employees currently working in these operations will transfer to the service of Barona under their present terms of employment. "Instead of part-time work, Barona will be able to offer more full-time work at the airport and its vicinity. In ground handling operations, work is distributed unevenly throughout the day according fluctuations in the amount of traffic. Northport has been loss-making already for years," says Finnair's Deputy Chief Executive Officer Lasse Heinonen. Moreover, as of 1 December 2009 a transfer of business to Suomen Transval Oy has been agreed in terms of the warehouse activities of Finnair Cargo Terminal Operations, which provides cargo terminal services at Helsinki-Vantaa Airport. Cargo Terminal's around 130 warehouse employees will transfer to the service of Suomen Transval Oy under their present terms of employment. "Through the transfers of business, we can also better secure the future of personnel, because the new operators will offer employees more flexible and diverse work. We are seeking for more efficiency for our business. By creating solutions based on strategic partnerships, we can change our fixed costs into variable costs and focus on Finnair's core business," says Heinonen. Northport's customer service functions and Finnair Cargo Terminal Operations' activities other than warehouse operations will remain within the Finnair Group. Finnair Plc Communications 30.11.2009 Further information: Lasse Heinonen, Deputy Chief Executive Officer, Finnair Plc, tel. +358 9 818 4950 Jukka Hämäläinen, Managing Director, Northport Oy, tel. +358 9 818 5300 Antero Lahtinen, Senior Vice President Cargo, Finnair Plc, tel. +358 9 818 5400 Barona Group is one of Finland's largest human resources companies. The Group's net sales in 2008 totalled 100 million euros. Services include personnel resourcing, recruitment and various human resources service solutions. Suomen Transval produces logistics outsourcing services. The company's net sales are over 20 million euros. |
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