Pöyry Developments

Pöyry has concluded the statutory employee negotiations announced in Nov 2010 at its largest legal unit in Finland, Pöyry Finland Oy. At that time Pöyry announced that the reduction in capacity, of the currently active workforce, is estimated to correspond to 250-350 persons, and in addition to this, the future outlook for the workforce of about 200 persons temporarily laid off will be carefully considered. The estimate includes both operative and non-operative personnel. Mr. Sakari Oksanen, who just appointed as Pöyry Country Director in Finland is to perform the statutory employee negotiations in Finland, Pöyry Finland Oy.

Sakari Oksanen used to work in Asia for over 10 years but is close to his retirement due to health reasons. He had a cancer operation in Hong Kong during his post of President, Pöyry (Beijing) Consulting Company Limited China in 2010. Pöyry will make decisions regarding the on-going negotiations only when the negotiations have been concluded with all the legal units covered by the negotiations process.

Pöyry stopped its real estate consulting and engineering operations in China. Shanghai Kang Hong Construction Ltd. Based in Shanghai, acquired by Pöyry decided to stop their ownership cooperation in 2010. Shanghai Kang Hong Construction is primarily engaged in project management for industrial and commercial real estate development and construction projects.

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