Oriola-KD's co-operation negotiations in Finland completed

Oriola-KD announced on January 20, 2015 its plans to begin co-operation negotiations in Finland on January 28, 2015. The co-operation negotiations were completed on March 11, 2015. As a result, Oriola-KD will reduce its workforce by a maximum of 60 positions.  Oriola-KD will provide support for those affected by the restructuring.

The estimated annual cost savings will be approximately EUR 2 million of which EUR 1.3-1.5 million are estimated to realise in 2015. The related non-recurring costs are estimated to be approximately EUR 1.3 million.

Oriola-KD Corporation

Eero Hautaniemi
President and CEO

Further information:

Eero Hautaniemi
President and CEO
Oriola-KD Corporation
tel. +358 10 429 2109
e-mail: eero.hautaniemi@oriola-kd.com

Kimmo Virtanen
Managing Director
Oriola Oy
tel. +358 10 429 2069
e-mail: kimmo.virtanen@oriola.fi

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Oriola-KD Corporation
Corporate Communications
Orionintie 5
FI-02200 Espoo, Finland
www.oriola-kd.com