Etteplan initiates negotiations due to prolonged situation related to the pandemic
News – Published: 03.06.2020 16:59:54
Etteplan News release June 3, 2020
Etteplan has today initiated negotiations concerning possible layoffs. So far the change in customer demand and workload caused by the corona pandemic has been on a lower level than initially estimated but the duration of the situation has prolonged.
”Some of our customers have continued investments and during the past weeks we have received a fair amount of new orders. Unfortunately the corona pandemic has impacts on our customers’ business and demand, which is also reflected to Etteplan and the uncertainty continues”, says Etteplan’s President and CEO Juha Näkki.
The potential layoffs could concern some 570 people including part-time layoffs. The negotiations concern all of Etteplan’s personnel in Finland, altogether some 2, 100 employees; The possible layoffs would be implemented as indefinite layoffs. The negotiations do not include terminations of employment.
For more information, please contact:
Juha Näkki, President and CEO, tel. +358 10 307 2077
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302
Etteplan in brief
Etteplan provides solutions for industrial equipment and plant engineering, software and embedded solutions, and technical documentation solutions to the world’s leading companies in the manufacturing industry. Our services are geared to improve the competitiveness of our customers’ products, services and engineering processes throughout the product life cycle. The results of Etteplan’s innovative engineering can be seen in numerous industrial solutions and everyday products. In 2019, Etteplan had a turnover of approximately EUR 263 million. The company currently has over 3,400 professionals in Finland, Sweden, the Netherlands, Germany, Poland and China. Etteplan's shares are listed on Nasdaq Helsinki Ltd under the ETTE ticker. www.etteplan.com
