Affecto Oyj - Company Announcement

Affecto is restructuring its business activities and evaluates reducing personnel in Finland

Helsinki, 2015-08-03 10:15 CEST (GLOBE NEWSWIRE) -- AFFECTO PLC -- STOCK
EXCHANGE RELEASE -- 3 August 2015 at 11.15 EET 

Affecto is restructuring its business activities and evaluates reducing
personnel in Finland 

Finnish market is experiencing growing interest in new business technology
areas and on the other hand declining trend in new orders related to
traditional IT market and related skills. As a result the Finnish operations
are experiencing declining order backlog. While Affecto continues to invest in
new growth capabilities in Finland, the company plans to restructure and
streamline its Finnish business activities in order to ensure future
competitiveness. Consequently, Affecto has issued an invitation to its entire
personnel of Affecto Finland Oy and Karttakeskus Oy to take part in personnel
negotiations regarding possible work force reductions. 

The company is evaluating the need for personnel reductions in Finland combined
with both organizational changes and ongoing competence development. These
actions are estimated to reduce Affecto's current personnel in Finland up to 50
employees. 

Affecto is following the strategic direction published in February 2015. The
company continues to invest in new competences to better answer the needs of
customers and the new business technology areas. 



Affecto Plc
Juko Hakala
CEO

www.affecto.com






         Additional information:
         CEO Juko Hakala, +358 205 777 450       Country Managing Director Finland, Julius Manni, +358 20 577 7775