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2011-09-27 08:00:00 CEST 2011-09-27 08:00:04 CEST REGULATED INFORMATION Tectia Oyj - Company AnnouncementEMPLOYER/EMPLOYEE NEGOTIATIONS AT TECTIA CONCLUDEDHelsinki, Finland, 2011-09-27 08:00 CEST (GLOBE NEWSWIRE) -- TECTIA CORPORATION COMPANY ANNOUNCEMENT SEPTEMBER 27, 2011 AT 09:00 A.M EMPLOYER/EMPLOYEE NEGOTIATIONS AT TECTIA CONCLUDED The negotiations between Tectia Corporation and its employees concerning to finalize the structural change have been concluded. As a result of the said negotiation process Company's personnel will be reduced by seven persons. The employer/employee negotiations were carried out on the basis of employer's negotiation proposal made on September 14, 2011. The negotiations applied to the whole functions at Finland that employed 45 persons. With these measures the Company believes that it can achieve EUR 0.8 million annual savings to its operating expenses. Helsinki, September 27th 2011 TECTIA CORPORATION Board of Directors For further information, please contact: Tatu Ylönen, CEO. tel. +358 20 500 7000 Mikko Karvinen, CFO & Deputy Managing Director. tel. +358 50 326 4101 Distribution: NASDAQ OMX Helsinki Ltd. Major media www.tectia.com |
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