Cooperation negotiations at Alma Intermedia Oy ended

Alma Media Corporation Press release May 3, 2012 at 12:15 EEST

COOPERATION NEGOTIATIONS AT ALMA INTERMEDIA OY ENDED

Alma Intermedia Oy, an online directory and telemarketing company belonging to Alma Media Group, has finished the statutory cooperation negotiations that began in March, 2012. The negotiations concerned the plans to reorganise and rationalise the company’s operations. Simultaneously, Alma Intermedia is revising its business strategy.

As a result of the negotiations that concerned all employees of the company, in total 18 persons, the number of employees will reduce by 10 person-years. In the beginning of the negotiations, Alma Intermedia anticipated that the number of its employees may decrease by 11 person-years maximum as a result of the negotiations.

The objective of the changes is to accelerate the implementation of the renewing strategy, improve the competitiveness and operational preconditions of suomenyritykset.fi online directory and to secure the financial position of Alma Intermedia.

For further information, please contact:
Pasi Välimaa, Managing Director, Alma Intermedia Oy, tel. +358 40 711 8411

Alma Media in brief

Alma Media is a dynamic media company whose best-known products are Aamulehti, Iltalehti, Kauppalehti and Etuovi.com. Alma Media employs approximately 3,000 professionals. The company’s net sales in 2011 totalled MEUR 316.2 with an operating margin of 13.3 per cent. Alma Media’s share (ALN1V) is listed in the NASDAQ OMX Helsinki Exchange. Read more at www.almamedia.com.

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