Finland post 100000000 Euro cost reduction plan

Finland post group Itella recently announced, will cut 183 jobs, performing up to 100000000 euros in total cost control plan. The plan will affect about 1500 employees.
The 1500 employees, in addition to the 183 people being laid off, while the rest are mainly in the administrative position, will take the voluntary principle. This adjustment with the consent of the employee representatives agreed in April to start negotiations. The negotiations are mainly around the Itella mail Itella communications and logistics in Finland, Denmark, Sweden, Norway, Estonia, Latvia, Lithuania and Poland the function distribution.
Itella human resources senior vice president Jaana Jokinen said, we are very glad to can reduce the number of job cuts than expected. Through the arrangement of various personal negotiations in the voluntary arrangements and pensions, the number of layoffs has been further reduced. Originally the number of layoffs is expected up to 350 employees, of which Finland cuts of up to 290. But after negotiations, the number reduced to 183 people, of which Finland accounted for 147 people.
In Finland, Itella group will offer severance pay to employees, including legal measures of compensation, corresponding to its working life Itella job market support package, and on the retirement security transition. In other countries, Itella will comply with local law to practice.
Itella stressed that negotiations, cooperation does not affect the daily Post Office postal service, customer service service and production duties, such as sorting delivery, transportation or warehousing services.
Itella said, although we have carried out some rational countermeasures, but have not yet reached the expected target. At the same time, more and more paper documents are replaced by e-mail, causing the Itella volume declined. Therefore, Itella began to implement 2013-2014 annual performance improvement program, which aims to crunch Euro 100000000 costs.
MYEX min Asia International Express
2013-06-18