Lamor Corporation Plc (Lamor) is continuing measures to streamline its global operating model to enable the flexible scaling of the company’s operations and cost structure to the changing operating environment and to strengthen the company’s competitiveness and profitability.
The planned adjustment measures will concern the company’s operations globally. Any measures with potential personnel impacts will be prepared in each country in accordance with local legislation. More detailed information on the planned impacts will be communicated and negotiated locally as the plans progress.
According to preliminary estimates, the planned measures may lead to a reduction of a maximum of 15 positions and temporary layoffs of a maximum of 90 days in Finland. The negotiations in Finland cover approximately 50 employees, and the estimated duration of the change negotiations is approximately three weeks.