16 December 2017
visit www.aciworldwide.com

TietoEnator says 800 jobs could go

24 January 2008  |  1360 views  |  0 Source: TietoEnator

TietoEnator has initiated personnel negotiations about the need to reduce the number of personnel and overhead costs to improve the company's profitability and to secure a sound basis for future growth.

The estimated need for personnel adjustments, including personnel reductions and internal transfers within the company, concern approximately 800 positions mainly in Finland and Sweden. The negotiations are part of the company's two-year performance improvement programme for 2008 and 2009, which aims at achieving annual savings of 100 million euros by the end of 2009.

The negotiations will cover adjustments during 2008 and concern all employee categories within business areas and group functions, but the focus differs country by country. Approximately 400 of the affected personnel are in Finland, 250 in Sweden, and around 150 in other TietoEnator's operating countries. The negotiations processes have now been started in different countries as required by local legislation. TietoEnator has started to investigate opportunities for internal transfers concerning the affected personnel.

"These actions to streamline our organization and to reduce corporate-level administrative costs are part of the performance improvement programme that we launched in the beginning of this year. Combined with investments in growth, people and quality we will be able to secure future success for the company and to reach our long-term profitability target," says Åke Plyhm, interim President and CEO.

TietoEnator currently employs around 17 000 persons of which approximately 7 000 work in Finland, 3 600 in Sweden and the rest in other countries.

TietoEnator will publish its fourth quarter result and financial statements for 2007 on 6 February 2008 at 8.00 am EET/ 7.00 am CET.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit www.thomsonreuters.infovisit www.niceactimize.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
10500 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
10024 views comments | 18 tweets | 36 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7183 views comments | 19 tweets | 22 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
6866 views comments | 9 tweets | 10 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6593 views 0 | 4 tweets | 2 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job