Monster and Etuovi.com to start personnel negotiations

Alma Media Corporation  Press release   20 April 2009

 

MONSTER AND ETUOVI.COM TO START PERSONNEL NEGOTIATIONS

 

Monster Oy and Etuovi.com unit of Alma Media Interactive will begin statutory personnel negotiations affecting all employees in these two business units. The planned target of the negotiations is to adjust the operations with the current business environment.

 

At Monster Oy, the negotiations concern the plan to rationalise and reorganise the company’s operations, the impacts that these actions may have on employees as well as the grounds, impacts and alternatives of the actions potentially taken. The planned operations are estimated to lead to termination of nine employment contracts at the maximum.

 

At Etuovi.com, the negotiations also concern the plan to rationalise and reorganise the unit’s operations, the impacts that these actions may have on employees as well as the grounds, impacts and alternatives of the actions potentially taken. The planned operations are estimated to lead to termination of nine employment contracts at the maximum.

 

Monster Oy employs currently 28 people and Etuovi.com 62 people. Both Monster Oy and Etuovi.com are part of Alma Media’s Marketplaces segment.

 

For further information, please contact:

 

Monster Oy, Olli-Pekka Mollberg, Managing Director, tel. +358 10 665 2290

Etuovi.com, Petri Pekki, Director, tel. +358 10 665 3293

 

Alma Media in brief

 

Alma Media is a profitably growing and internationally expanding company that invests in the future of newspapers and online media. It’s best known products are the Aamulehti, Iltalehti, Kauppalehti and Etuovi.com.

Net sales in 2008 totalled EUR 341 million and the operating margin was over 14%. The company’s share is listed in the Mid Cap segment of the NASDAQ OMX Helsinki Exchange, trading code ALN1V.