Alma Media Corporation Press release 30 May 2018 at 3.30 a.m.
ALMA CONSUMER COMPANIES ALMA MEDIA KUSTANNUS OY AND ALMA MEDIA SUOMI OY STATUTORY PERSONNEL NEGOTIATIONS CONCLUDED
Alma Media Kustannus Oy and Alma Media Suomi Oy statutory personnel negotiations have been concluded. The negotiations were related to reorganisation plans, published in March 2018, to combine the Alma News & Life business segment and the Alma Regions business segment as Alma Consumer segment.
The reorganisation will reduce the amount of work by eight person-years. The reductions will be implemented without any lay-offs through severance packages or relocation. The scope of the negotiations was approximately 120 people.
In Alma Media Kustannus Oy, the negotiations concerned advertising sales, advertising production, marketing and administration. In Alma Media Suomi Oy, the negotiations concerned marketing and consumer services as well as administration. In the Alma Media Solutions unit, the negotiations concerned product development, marketing and ad operations. The companies concerned employ approximately 660 persons. The negotiations did not concern Alma Consumer's editorial staff and Alma Manu Oy, which focuses on printing and deliveries.
Kari Kivelä, Senior Vice President, Alma Consumer, tel. +358 (0)10 665 2032
Alma Media in brief
Alma Media is a media company focusing on the service business and journalistic content. The company’s best-known brands are Kauppalehti, Talouselämä, Affärsvärlden, Iltalehti, Aamulehti, Etuovi.com and Monster. Alma Media builds sustainable growth for its customers by utilising the opportunities of digitalisation, including information services, system and expert services and advertising solutions. Alma Media’s operations have expanded from Finland to the Nordic countries, the Baltics and Central Europe. Alma Media employs approximately 2,250 professionals (excluding delivery employees), of which approximately 30% work outside Finland. Alma Media’s revenue in 2017 was EUR 367.3 million. Alma Media’s share is listed on NASDAQ Helsinki. Read more at www.almamedia.com.