Innofactor starts personnel negotiations in Finland affecting less than 10 employees

16.12.2014 00:00

Innofactor Plc Stock Exchange Release December 16, 2014 08.30 Finnish time

Innofactor is starting personnel negotiations in Finland concerning the reduction or conversion to part time of less than 10 positions based on financial and productional grounds. The negotiations affect a part of the administrative functions, as well as those business areas, which were already in scope of earlier negotiations in September that resulted mainly in temporary layoffs. Innofactor now believes that the market situation in these business areas has changed permanently. The negotiations are expected to last a maximum of two weeks.

Espoo, December 16, 2014

INNOFACTOR PLC

Sami Ensio, CEO

Additional information:

Sami Ensio, CEO
Innofactor Plc
Tel. 050 584 2029

Distribution:

NASDAQ OMX Helsinki
Principal media
www.innofactor.fi

Innofactor is one of the leading Nordic IT solution providers focused on Microsoft platforms. Innofactor delivers business critical solutions and maintenance services as a system integrator and develops its own software products and services. Innofactor’s own product development is focused on Microsoft’s Windows Azure-based cloud solutions. Innofactor's customers include over 1,000 private and public sector organizations in Finland, Denmark, Sweden and elsewhere in Europe. The company has about 400 motivated and skilled employees in a number of locations in Finland, Denmark, and Sweden. From 2009 to 2013, Innofactor's annual net sales growth has been 43 percent on average. Leading Finnish business publication Kauppalehti selected Innofactor as the most successful company on the Finnish stock exchange in 2013. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ OMX Helsinki Oy.