NoHo Partners Oyj
NoHo Partners Plc
STOCK EXCHANGE RELEASE 25 February 2021 at 10:45
NoHo Partners launches new co-operation negotiations to adapt its operations to restaurant closures
NoHo Partners Plc will start new negotiations in accordance with the Co-operation Act in order to adjust its operations to the closure measures concerning the restaurant industry published by the Finnish Government today, which will enter into force on March 8, 2021. The aim of the negotiations is to minimize the economic impact of the COVID-19 pandemic.
The co-operation negotiations cover the entire Group's personnel, i.e. approximately 1,250 people in Finland. In addition, the effects of the restaurant restriction measures are indirectly reflected in the company's approximately 2,000 temporary employees. Negotiations can lead to reduction of jobs and layoffs, part-time and full-time.
- We will take immediate measures to close the restaurants and thereby lay off staff for the duration of the closure. Now begins the final round of the corona battle, which requires endurance from us, our customers, and, above all, from our staff. I believe that with the measures being taken now and the progress of the vaccination pace, we will be able to start the reconstruction phase as planned during the summer and return to a more normal life, says Aku Vikström, CEO of NoHo Partners.
More information available from:
Aku Vikström, CEO, tel. +358 44 011 1989
Jarno Suominen, Deputy CEO, tel. +358 40 721 5655
Distribution:
Nasdaq Helsinki
Major media
www.noho.fi/en
NOHO PARTNERS PLC is a Finnish group established in 1996, specialising in restaurant services. The company, which was listed on NASDAQ Helsinki in 2013 and became the first Finnish listed restaurant company, has continued to grow strongly throughout its history. The Group companies include some 250 restaurants in Finland, Denmark and Norway. The well-known restaurant concepts of the company include Elite, Savoy, Teatteri, Yes Yes Yes, Stefan’s Steakhouse, Palace, Löyly, Hanko Sushi, Friends & Brgrs and Cock’s & Cows. Depending on the season, the Group employs approximately 2,100 people converted into full-time workers. The company’s vision is to be the most significant restaurant company in the Nordic countries. www.noho.fi
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.
About Globenewswire
Subscribe to releases from Globenewswire
Subscribe to all the latest releases from Globenewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Globenewswire
Atico Mining Corporation30.6.2025 22:29:54 CEST | Press release
Atico Mining Announces Execution of Loan Amendment with Trafigura to Restructure Outstanding Credit Facility
Top California Lender30.6.2025 22:02:33 CEST | Press release
Top California Lender Welcomes New Investors to Fuel Expanded Lending Capacity
Ress Life Investments A/S30.6.2025 20:20:00 CEST | Press release
Ress Life Investments A/S publishes Net Asset Value (NAV).
Barclays Bank PLC30.6.2025 19:35:11 CEST | Press release
Barclays Bank PLC: Launch of accelerated placing of shares in InPost
Novonesis (Novozymes A/S)30.6.2025 18:59:15 CEST | Press release
Transactions under Novonesis’ share buyback program
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom