Fiskars Home to simplify its organization and begin codetermination negotiations at the Iittala Group
FISKARS HOME TO SIMPLIFY ITS ORGANIZATION AND BEGIN CODETERMINATION NEGOTIATIONS
AT THE IITTALA GROUP
Fiskars Corporation's subsidiary, Iittala Group Ltd, is to simplify its
organizational structure and initiate further measures to adapt its cost
structure to the current challenging market situation.
As a result of these organizational changes, Iittala Group Ltd will start
codetermination negotiations with employees on possible redundancies.
Negotiations will cover a total of approximately 160 of the company's office and
managerial personnel in Finland. Possible redundancies are estimated to affect
around 35 people.
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