Martela Oyj

Report Publication Announcement • Mar 19, 2020

Disclosure 381172

Martela Oyj - Inside information

Martela starts temporary layoffs in Finnish entities and adjusts its operations in other countries

The negative impact of the coronavirus on the overall market conditions has been significant. For this reason, Martela is adjusting its operations to meet the rapidly changed circumstances and will temporarily lay off its personnel in Finland. The duration of the layoffs varies depending on the business area and work assignment, up to a maximum of 90 days. In addition to these layoffs Martela will adjust its operations also in other countries.

In addition to layoffs, Martela will continue to implement its previously announced EUR 4 million savings program and improve productivity.

Matti Rantaniemi

CEO

Further information

Matti Rantaniemi, CEO, tel. +358 50 465 8194

Kalle Lehtonen, CFO, tel. +358 400 539 968

Distribution

NASDAQ Helsinki

Main news media

www.martela.com