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2010-10-04 11:00:00 CEST 2010-10-04 11:00:01 CEST REGULATED INFORMATION F-Secure Oyj - Company AnnouncementF-Secure plans to reorganize its operations to drive growth and starts employee negotiationsOctober 4, 2010 at 12.00 F-SECURE PLANS TO REORGANIZE ITS OPERATIONS TO DRIVE GROWTH AND STARTS EMPLOYEE NEGOTIATIONS F-Secure plans to re-organize its operations to drive growth in the Software as a Service business. Objective is to further emphasize and increase activities in the operator channel to take advantage of the market opportunity for value added services. The company seeks to streamline its organizational structure to drive efficiency and focus in the core growth businesses. The planned structural changes and related efficiency gains are intended to fund future growth investments for the Software as a Service business globally. F-Secure has today initiated employee negotiations with the employee representatives in Finland to plan the organizational changes. The management estimates that the employee negotiations may lead to reduction of 80 employees of which 50 in Finland. The scope of the employee negotiations cover all employee groups and functions in F-Secure. F-Secure's business in the third quarter of 2010 has developed as planned and guidance remains unchanged. The guidance given on July 29th for Q3 2010 was the following: revenues 31-33m and costs around 25m. The next interim report will be published on October 27 (Q3 2010). F-Secure Corporation Kimmo Alkio, President and CEO Additional information F-Secure Corporation Kimmo Alkio, President and CEO tel. +358 9 2520 0700 Taneli Virtanen, CFO tel. +358 9 2520 5655 |
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