Codetermination negotiations concluded at the Iittala Group
CODETERMINATION NEGOTIATIONS CONCLUDED AT THE IITTALA GROUP
Codetermination negotiations with personnel aimed at simplifying the
organizational structure of Fiskars' subsidiary, Iittala Group Ltd., have been
concluded. On the basis of these, the company has decided to make a total of 18
office and managerial personnel redundant. In addition, nine fixed-term
employment contracts will not be extended and two people will leave the company
under pension arrangements.
The codetermination negotiations covered approximately 160 people in Finland.
The initial estimate at the start of negotiations was that around 35 people
could be made redundant.
President & CEO Kari Kauniskangas, tel. +358 9 6188 6222
President and CEO
Fiskars is a leading global supplier of consumer products for the home, garden
and outdoors. The group has a strong portfolio of trusted international brands,
including Fiskars, Iittala, Gerber, Silva, and Buster. Associated company,
Wärtsilä Corporation, is also an important part of the group, and forms one of
Fiskars' operating segments, together with the Americas, EMEA, and Other.
Founded in 1649 and listed on NASDAQ OMX Helsinki, Fiskars is Finland's oldest
company. Fiskars recorded net sales of EUR 697 million in 2008, and employs some