Nasdaq Helsinki Ltd: MARTELA OYJ: DIRECTED ISSUE
EXCHANGE NOTICE, MAY 20, 2021 SHARES (Record Id 173887)
MARTELA OYJ: DIRECTED ISSUE
A total of 352,440 shares will be traded as old shares as of May 21, 2021.
Identifiers of Martela Oyj s share:
Trading code: MARAS
ISIN code: FI0009900385
Orderbook id: 24301
Number of shares: 3,903,240
Nasdaq Helsinki Oy, Surveillance, survo@nasdaq.com, +358 9 6166 7260
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Martela has concluded co-operation negotiations concerning Group’s companies in Finland.
As a result of the negotiations, the restructuring of operations will lead to the reduction of approximately 21 jobs. It has also been decided about the possibility to temporarily lay-off personnel either part- or fulltime. Number of personnel and duration of the layoffs will be determined based on market conditions and business needs. Additional savings will be realized through normal retirements and other personnel turnover that will not be replaced in connection to re-organization of the operations.
As a result of the stated actions it is estimated that the Corporation’s cost level will decrease approximately EUR 2.5 million on annual level and the actions will realize essentially during the third quarter of 2021. Any onetime expenses related to dismissals will be clarified during Q1 2021.