Reuters logo
3 years ago
BRIEF-Tieto's Product Development Services unit initiates personnel negotiations
October 1, 2014 / 6:28 AM / 3 years ago

BRIEF-Tieto's Product Development Services unit initiates personnel negotiations

Oct 1 (Reuters) - Tieto Oyj

* Says Tieto's Product Development Services unit initiates personnel negotiations in response to insourcing decision - group guidance for 2014 remains unchanged

* Says Product Development Services will start personnel negotiations in impacted countries in Europe and Asia

* Says in Finland, a maximum of 350 persons may be affected while Tieto expects number of actual reductions to remain below 300

* Says PDS seeks to reduce a maximum of 600 positions in Central European and Asian locations

* Says in Finland, company will start process by making a proposal to employee representatives on Oct. 1

* Says restructuring costs related to reductions may rise up to 20 million euros which will be booked mainly in Q4 pending employee negotiations

* Says will book a goodwill impairment charge of around 40 million euros in its Q3 operating profit Source text for Eikon: Further company coverage: (gdynia.newsroom@thomsonreuters.com; +48 58 698 3920)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below