Affecto : is restructuring its business activities and evaluates

Helsinki, 2015-08-03 10:15 CEST (GLOBE NEWSWIRE) -- AFFECTO PLC -- STOCK EXCHANGE RELEASE -- 3 August 2015 at 11.15 EET

Affecto is restructuring its business activities and evaluates reducing personnel in Finland

Finnish market is experiencing growing interest in new business technology areas and on the other hand declining trend in new orders related to traditional IT market and related skills. As a result the Finnish operations are experiencing declining order backlog. While Affecto continues to invest in new growth capabilities in Finland, the company plans to restructure and streamline its Finnish business activities in order to ensure future competitiveness. Consequently, Affecto has issued an invitation to its entire personnel of Affecto Finland Oy and Karttakeskus Oy to take part in personnel negotiations regarding possible work force reductions.

The company is evaluating the need for personnel reductions in Finland combined with both organizational changes and ongoing competence development. These actions are estimated to reduce Affecto's current personnel in Finland up to 50 employees.

Affecto is following the strategic direction published in February 2015. The company continues to invest in new competences to better answer the needs of customers and the new business technology areas.

Affecto Plc
Juko Hakala
CEO

www.affecto.com

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