Turismo
NoHo Partners to lay off its personnel and commence new co-operation negotiations to adapt its operations to the tightening restrictions on restaurants
NoHo Partners Plc
STOCK EXCHANGE RELEASE 21 December 2021 at 23:23
NoHo Partners Plc will lay off its personnel and commence new negotiations pursuant to the Act on Co-operation within Undertakings to adapt its operations to the restrictions targeted at the restaurant industry, which were announced by the Finnish Government today and will enter into force on 24 December 2021.
The company will have to close the majority of its restaurants and with immediate effect, lay off nearly all its personnel in Finland, amounting to approximately 1,250 employees, within the framework of the previous round of co-operation negotiations. The layoffs will be valid until further notice.
The company will begin the new co-operation negotiations on 3 January 2022, and they are expected to last two weeks. The purpose of the negotiations is to minimise the economic impact of the COVID-19 pandemic, and to prepare for a possible extension of the pandemic situation.
The negotiations concern all the Group's employees in Finland, totalling approximately 1,250 employees. The restrictions on restaurants also indirectly impact the approximately 2,000 people working for the Group as leased staff. The negotiations may result in full-time or part-time temporary layoffs of personnel.
Aku Vikström, CEO, NoHo Partners Plc, tel. +358 44 011 1989
Jarno Suominen, Deputy CEO, NoHo Partners Plc, tel. +358 40 721 5655
Nasdaq Helsinki
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www.noho.fi
2321 Rosecrans Avenue. Suite 2200
90245 El Segundo Stati Uniti