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Tecnotree starts co-operation negotiations in Finland

Tecnotree Corporation
Stock Exchange Release
30th September 2014 at 10.00 am EEST

Tecnotree will start co-operation negotiations in Finland regarding the reduction of maximum seventeen positions on financial and productive grounds. The negotiations concern the whole personnel in Finland but the planned measures will mainly focus on the Value Added Services unit. The company has worldwide 1060 employees of whom 91 work in Finland.

In the frame of negotiations alternative ways to adjust company’s activities in addition to the staff reductions are also handled.

The objective of the negotiations is to adjust the cost level with the current business situation and to improve our operations in order to match the market demands.

TECNOTREE CORPORATION

Ilkka Raiskinen
CEO


DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Main Media
www.tecnotree.com

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 on service bundles, provide personalised user experiences and augment value throughout the customer lifecycle. With over 1000 telecom experts, Tecnotree serves more than 100 service providers in over 70 countries. Tecnotree is listed on the main list of NASDAQ OMX Helsinki with the trading code TEM1V. For more information on Tecnotree, please visit  www.tecnotree.com