Skip to main content

Martela will initiate co-operation negotiations in order to minimize the negative financial impact related to coronavirus pandemic

Written by Customer Service on . Posted in Public Companies.

The coronavirus pandemic and the crisis it has brought has negatively impacted the market situation which has long remained uncertain, weakening the demand and profitability of Martela’s business. For this reason, Martela will continue to adjust its operations to reduce the negative impact of the changed market environment on its business.In order to prepare to react on the spreading of the negative impacts on its business, Martela will initiate co-operation negotiations for lay-offs concerning the whole personnel in all Martela’s entities in Finland. Based on preliminary estimate, the planned lay-offs would last until the end of 2020.Already ongoing actions including lay-offs in other countries will be continued subject to local legislation. Martela will also continue reducing its operating costs and all non-critical development projects will be postponed. While doing the cost reductions, Martela will focus to maintain its operational capabilities and customer delivery accuracy.
The Martela Group employs approximately 380 people in Finland.Martela CorporationMatti Rantaniemi
CEOFurther information
Matti Rantaniemi, CEO, tel. +358 50 465 8194
Kalle Lehtonen, CFO, tel. +358 400 539 968Distribution
NASDAQ Helsinki
Main news mediawww.martela.comOur strategic direction is defined by our mission “Better working” and our vision “People-centric workplaces”. Martela provides people centric workplaces where the users and their wellbeing are in the core. We focus on the Nordic countries, as the Nordic countries are forerunner in hybrid working environments with common open work culture background and needs.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.