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2009-10-08 10:15:00 CEST 2009-10-08 10:15:02 CEST REGULATED INFORMATION Aktia Oyj - Company AnnouncementAktia Non-Life Insurance Company finished co-operation negotiationsAktia Plc Stock Exchange Release 8.10.2009 at 11.15 Not for release or distribution in the United States, Australia, Canada or Japan Aktia Non-Life Insurance Company finished co-operation negotiations Aktia Non-Life Insurance Company Ltd, a subsidiary of Aktia plc, has completed negotiations in accordance with the Act on Co-operation within Undertakings started on 24 August 2009. As a result of the negotiations, Aktia Non-Life Insurance Company Ltd has decided to terminate the contracts of 19 employees in order to reorganise business operations and rationalise them for financial and productional reasons. The staff is downsized by further 11 employees through other arrangements. The aim is to adjust the company's cost structure to the current market situation, and to enable stable development of the company. The total savings is approx. EUR 2 million per annum. Initially, the negotiations were expected to result in a staff reduction of 40 persons at a maximum. AKTIA PLC For more information, please contact: Anders Nordman, Managing Director, Aktia Non-Life Insurance Company, tel. +358 10 247 8610 From: Malin Pettersson, Head of Communications, tel. +358 10 247 6369, +358 40 589 7941. Distribution: Nasdaq OMX Helsinki, mass media, www.aktia.fi |
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