Sanoma Oyj - Company Announcement

Sanoma adjusts its operations and initiates co-operation negotiations in finance functions and print operations

Sanoma Corporation, Stock Exchange Release, 17 March 2014 at 14:35 CET+1

Sanoma plans to reorganise finance functions and adjust print operations as
part of the strategic redesign communicated on 31 October 2013. 

In total, the reorganisation is estimated to lead to a maximum of 100
redundancies. 

Outsourcing planned in the Finance Shared Services

The reorganisation in the finance functions is aimed at adjusting to the
changing operating environment, and to improve flexibility and cost-efficiency.
At the moment negotiations involve outsourcing a large part of the Finance
Shared Services located in Finland to an international provider. Co-operationnegotiations will be initiated concerning the entire personnel of Finance
Shared Services. The reorganisation is estimated to lead to a maximum of 40
redundancies in Finland and 25 redundancies in the Netherlands. 

“Competitive and efficient support functions that support our strategy have a
central role in enabling Sanoma's change. The outsourcing plans unfortunately
also mean personnel reductions,” says CFO Kim Ignatius. 

Sanomapaino adjusts its operations by initiating co-operation negotiations in
three printing houses 

The change in the operating environment of newspapers has led to a significant
decline in print production volumes. Therefore Sanomapaino will initiate
co-operation negotiations at three of its printing houses. According to the
current estimate the restructuring may lead to a shift to part-time employment
or redundancy of a maximum of approximately 35 employees. 

Co-operation negotiations will start at Sanomala Oy in Vantaa, Saimaan
Lehtipaino Oy in Lappeenranta and Hämeen Paino Oy in Forssa. 

Additional information
For media inquiries,
Sanoma's Communications, Hanna Johde, tel. +358 40 673 8977 or
hanna.johde@sanoma.com 

Sanoma's Investor Relations, Olli Turunen, tel. +358 40 552 8907 or
ir@sanoma.com 

Sanoma.com

Get the world. Sanoma helps people access and understand the world.

We believe in a world full of opportunities, feelings, reactions and
inspiration. A world that you can reach, influence, explore and share. We want
to make it yours. 

Sanoma is a front running consumer media and learning company in Europe. In
Finland and the Netherlands we are the market leading media company with a
broad presence across multiple platforms. Our main markets in learning are
Belgium, Finland, the Netherlands, Poland and Sweden. In 2013, Sanoma's net
sales totalled EUR 2.2 billion. Sanoma is listed on the NASDAQ OMX Helsinki
stock exchange.