From GlobeNewswire:

PunaMusta Media Oyj is considering closing its Seinäjoki production, aiming to improve profitability and competitiveness. The company plans to reduce capacity due to declining market demand, with potential savings of up to 0.8 million euros annually. This move may result in up to 20 job cuts and the creation of new roles for around five employees. The company also anticipates changes in job roles and responsibilities for all affected staff members. As a result of the potential closure, PunaMusta Media Oyj will focus on meeting permanently changed market conditions through reorganization and efficiency improvements.

PunaMusta Media Oyj, a Finnish media and printing business, is hoping to address the declining demand for its print products, including magazines, newspapers, and advertising materials. Their primary goal is to enhance profitability and competitiveness in response to changing market conditions, as well as reorganize and streamline their operations. The potential closure of the Seinäjoki production site could lead to significant cost savings of up to 0.8 million euros annually. However, it may also result in up to 20 job cuts, with new roles expected to be created for about five employees. Additionally, all staff members involved in this process may experience changes in their job roles and responsibilities. The company is committed to science-based climate targets (SBT) and had a turnover of 133.5 million euros in 2022.



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