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Satama Interactive Group starts personnel negotiations.

NORDIC BUSINESS REPORT-15 March 2005-Satama Interactive Group starts personnel negotiations(C)1994-2005 M2 COMMUNICATIONS LTD

Finnish IT consultancy company Satama Interactive Group said on Tuesday (15 March) that it had started personnel negotiations regarding the personnel reduction and temporary dismissals caused by financial and production related reasons.

The company estimates that the need for permanent reduction of personnel would be under 10 persons and that the possible temporary dismissals lasting some 90 days would apply to no more than 40 persons.

With these actions Satama seeks cost reductions of some EUR1.0m on an annual level.

One euro (EUR) is worth approximately 0.69 British pounds (GBP).

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Publication:Nordic Business Report
Article Type:Brief Article
Geographic Code:4EUFI
Date:Mar 15, 2005
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