Martela plans to make its operations more efficient: May lead to a reduction of 20 jobs

Office furnisher Martela is planning to make its operations more efficient by reducing work tasks. According to a preliminary estimate, the measures may lead to a reduction of approximately 20 jobs, the company’s press release says.

The measures apply to the group’s employees in Finland, Sweden and Norway. The group employs approximately 360 people in the above-mentioned countries and in Poland.

In addition to this, the company is planning layoff procedures to achieve the necessary temporary flexibility. The planned personnel savings and other cost-saving measures are estimated to lead to annual cost savings of approximately 1.5–2.0 million euros.

Last year, the company had a turnover of 94.4 million euros with an operating loss of 2.4 million euros. There were an average of 403 employees.

According to Martela’s press release, the market situation has weakened the volume and profitability of the business, which is why the company is planning efficiency measures.

According to the company, the economic recovery has a positive effect, but the strength of the recovery still includes uncertainty factors in the main market areas. Last year, the majority of Martela’s turnover came from Finland. Other countries were, for example, Sweden and Norway.