Statutory personnel negotiations at Etuovi.com ended

Alma Media Corporation   Press release   9.6.2009

 

STATUTORY PERSONNEL NEGOTIATIONS AT ETUOVI.COM ENDED

 

Etuovi.com, the online marketplace for home and real estate trading belonging to Alma Media group, has ended the statutory personnel negotiations started in April. The negotiations affected all employees, in total 62 persons. The negotiations concerned the streamlining and reorganising of Etuovi operations and the impacts that these actions may have on employees.

 

As a result of the negotiations, five employees were laid off. In advance it was estimated that eight employment contracts would be terminated at the maximum. Additionally, it was agreed that all employees of Etuovi will be laid off temporarily, for three weeks at the maximum.

 

For further information, please contact:

Petri Pekki, Managing 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. Its best known products are the Aamulehti, Iltalehti, Kauppalehti and Etuovi.com.

Net sales in 2008 totalled EUR 341million and the operating margin was over 14%. The company’s share is listed in the Mid Cap segment of the NASDAQ OMX Helsinki. Please visit www.almamedia.com for further information.