Tecnotree completes co-operation negotiations in Finland

Tecnotree Corporation
Stock Exchange Release
22 September 2017 at 11.00 a.m. EEST

Tecnotree completes co-operation negotiations in Finland

The co-operation negotiations started on the 18 July 2017 have been completed.

The personnel reduction in Finland will be in total 13 employees of which 8 via lay-offs and 5 via other voluntary measures. These measures will lead to EUR 1.1 million cost savings per annum. The related savings will be mainly completed in 2018.


Padma Ravichander, CEO
tel. +97 15 6414 1420

Reija Virrankoski, VP, Human Resources
tel. +358 40 803 1056

About Tecnotree
Tecnotree is a global provider of telecom IT solutions for the management of products, customers and revenue. Tecnotree helps communications service providers to transform their business towards a marketplace of digital services. Tecnotree empowers service providers to monetise service bundles, provide personalised user experiences and augment value throughout the customer lifecycle. With around 900 telecom experts, Tecnotree serves around 90 service providers in around 70 countries. Tecnotree is listed on the main list of NASDAQ Helsinki with the trading code TEM1V. For more information on Tecnotree, please visit www.tecnotree.com.


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