Suomen Paikallissanomat begins personnel negotiations

ALMA MEDIA CORPORATION      PRESS RELEASE      March 9, 2009

 

SUOMEN PAIKALLISSANOMAT BEGINS PERSONNEL NEGOTIATIONS

 

Suomen Paikallissanomat Oy, a part of Alma Media Group, will begin statutory personnel negotiations in Pohjanmaa area, affecting Kokkolan Sanomat, Vieskalainen, Pyhäjokiseutu, Raahen Seutu and Raahelainen newspapers.

 

The subject of the negotiations is the plan to organise the operations so that the publisher’s newspapers in the area form a common profit center organisation. The objective of regional restructuring in Pohjanmaa is to achieve better efficiency by combining operations and eliminating overlapping work.

 

The planned operations are estimated to lead to the reduction of maximum seven man-years.

 

For more information, please contact:

Kari Juutilainen, Managing Director, Suomen Paikallissanomat Oy, tel. +358 50 435 4159.

 

Suomen Paikallissanomat Oy publishes 16 local newspapers and six free sheets around Finland. The company is part of Alma Media Corporation.

 

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.