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2010-09-20 10:00:00 CEST 2010-09-20 10:00:01 CEST REGLERAD INFORMATION GeoSentric Oyj - Company AnnouncementGEOSENTRIC OYJ INDUSTRIAL CO-OPERATION PROCEDURE FINISHEDGEOSENTRIC OYJ STOCK EXCHANGE RELEASE September 20, 2010 at 11:00 GEOSENTRIC OYJ INDUSTRIAL CO-OPERATION PROCEDURE FINISHED The industrial co-operation procedure at GeoSentric Oyj reported on July 9, 2010 and commenced on August 9, 2010, has now been concluded. As a result of the negotiations, the Company will lay off 10 employees and 24 employees are made redundant. In addition one person will be affected by alternate forced leave. The reason of these measures is in view of the continuing decline in the TWIG product line and in order to rightsize its workforce, the Company is reviewing its cost base and operations. GeoSentric Oyj For more information, please contact: investors@gypsii.com Distribution: NASDAQ OMX Helsinki Principal news media |
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