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Cooperation negotiations concluded at Raute

Written by Customer Service on . Posted in Public Companies.

RAUTE CORPORATION INSIDE INFORMATION JUNE 23, 2020 at 2:15 p.m.According to the reached negotiation solution the adaptations will concern all salaried and senior salaried employees of Raute Finland with a duration of at most 90 days. Temporary layoffs may be carried out either as a shortened working week or as a longer fixed period. Raute Group’s total headcount on 31 March 2020 was 767, of which 513 persons worked in Finland. These cooperation negotiations concerned the salaried and senior salaried employees of Raute Finland, totally 333 persons.
The initiated negotiations do not indicate any change in the previously disclosed outlook for 2020. Raute’s net sales for 2020 are expected to decrease compared to 2019 and operating profit is expected to weaken clearly year-on-year.
RAUTE CORPORATION
Tapani Kiiski
President and CEO  

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