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The construction company SRV will start co-determination negotiations, the reduction need 90 person-years

the construction company SRV will tell you to start co-operation negotiations concerning the company's employees in Finland. SRV estimates the reduction in the need for 90 person-years. According to the company, this is equivalent to approximately six million annual savings.

the planned reductions are part of SRV's reorganization plan, which the initiation of the company told the bulletin. The aim of the programme is, inter alia, ensure that the SRV will get next year will increase the business results plus.

SRV gave three weeks ago a profit warning, which the company said this year's operating profit to be negative.

the Company's problems, the reason is, inter alia, the Lighthouse tower of the delay in the Helsinki harbour. Results in the warning, SRV told that the Lighthouse on the delay caused by the earlier higher than estimated additional costs.

in the Third quarter, SRV's operational ebit weighed seven million loss for the. Years ago, a similar result was around three million in the red. According to the company, the result will weaken the Russian investments to the value of the discounts and project margins weakening.

"Earnings have been disappointing"

president and Ceo Saku Sipola according to SRV's this year's performance level has been disappointing.

– our Challenges are clear borders to certain action parts, but their depth will affect the entire company's operations extensively, Sipola said in the announcement.

SRV:according to the reorganisation programme aimed at improving the company's profitability and liquidity position strengthening. The program focuses on kulusäästöihin, balance sheet reduction and cash flow strengthening. The company also plans to reform business culture and its organization.

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