BRIEF-Rapala says codetermination negotiations completed
April 6 RAPALA VMC CORP
* REG-RAPALA VMC CORPORATION: CODETERMINATION NEGOTIATIONS COMPLETED.
* TOTAL NUMBER OF EMPLOYEES AFFECTED BY CODETERMINATION NEGOTIATIONS IS 50 OF WHICH FIVE ARE COVERED WITH PENSION ARRANGEMENTS.
* PLANNED REORGANIZATION OF PRODUCTION COULD MEAN MAXIMUM OF 10 EMPLOYEES REDUCTION IN ROVANIEMI.
* ORIGINALLY ESTIMATED AMOUNT WAS APPROXIMATELY 45-53 EMPLOYEES IN RAPALA VMC OYJ IN FINLAND
* NON-RECURRING COSTS RELATED TO ANY PERSONAL REDUCTIONS, WHICH ARE RECORDED IN YEAR 2017, ARE ESTIMATED TO BE ABOUT 0.2 MEUR.
* AIM OF PLANNED FINNISH RESTRUCTURINGS IS TO HAVE ABOUT 1.5 MEUR ANNUAL SAVINGS WHICH WILL BE REALIZED ON 2018
* NON-RECURRING COSTS RELATED TO ANY PERSONAL REDUCTIONS, WHICH ARE RECORDED IN 2017, ARE ESTIMATED TO BE ABOUT 0.2 MEUR. Source text for Eikon: Further company coverage: (Gdynia Newsroom)