Fondia's change negotiations concluded
Fondia Plc
Press release
2025-01-22 at 9.05 a.m. EET
Fondia announced on 3 December 2024 that the company was starting change negotiations concerning the entire personnel of the Finnish company based on production-related and financial grounds in accordance with the Act on Cooperation. The aim of the change negotiations was to optimise and reorganise operations, thereby increasing the company's productivity and competitiveness. The change negotiations started on 11 December 2024 and were completed today.
At the start of the negotiations, the company estimated that the plans could lead to a maximum of 20 redundancies in Finland and changes to the essential terms and conditions of employment of 22 employees. The negotiations resulted in nine (9) redundancies, in addition to which the essential terms and conditions of employment of one (1) will change. Other measures for improving operational efficiency and reducing personnel-related costs were also successfully identified during the change negotiations, including arrangements for fixed-term contracts.
The change negotiations are expected to achieve savings of approximately EUR 1.3 million for 2025. The negotiations are part of the Group-wide savings programme planned for 2025. A total of 130 employees were involved in the negotiations.
Fondia Plc
For further information, please contact:
Timo Lappi, Interim CEO; Chair of the Board of Directors, tel. +358 40 756 7809
Fondia in brief
Fondia solves the legal needs of companies by combining the best services from internal legal departments and law firms. Fondia operates in Finland, Sweden, Estonia, and Lithuania, and the Group’s net sales in 2023 were EUR 26.1 million. Fondia employs around 190 people.
Distribution:
Nasdaq Helsinki Ltd/Investor News
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