Alma Media Corporation Press release March 12, 2012 at 15:00
ALMA INTERMEDIA REVISES ITS STRATEGY AND PLANS TO REORGANISE AND RATIONALISE ITS OPERATIONS
Alma Intermedia Oy, an online directory and telemarketing company belonging to Alma Media Group, will revise its strategy during the coming months. Simultaneously, Alma Intermedia plans to reorganise and rationalise its operations to accelerate the execution of the renewing strategy.
The planned changes reflect the difficult market conditions in the directories business and the weakened competitiveness of Alma Intermedia. The objective is to improve the competitiveness and operational preconditions of suomenyritykset.fi online directory and to secure the financial position of Alma Intermedia.
Due to the planned measures, Alma Intermedia begins statutory cooperation negotiations with its employees. The negotiations encompass the entire personnel of the company, in total 18 persons. The negotiations concern the plans to rationalise and reorganise operations, the consequences these actions may have on personnel as well as the grounds, impacts and alternatives for the actions. Alma Intermedia has anticipated that the number of its employees may decrease by 11 person-years maximum as a result of the negotiations.
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.fi