30/05/2014 07:00:06

Sanoma selects Genpact as partner for Finance Shared Services

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Sanoma Corporation, Press Release, 30 May 2014 at 9:00 CET+1

As part of the strategic redesign communicated on 31 October 2013 Sanoma has

decided to reorganise its finance function. A major part of the Finance Shared

Services will be outsourced to Genpact, a global leader in Business Process

Outsourcing. Sanoma aims to improve its flexibility and cost efficiency,

adjusting Sanoma’s finance organisation to the changing operating environment.

Genpact is a New York Stock Exchange listed company with more than 64,000

employees focusing on running business processes and operations. The company

services many of the world’s leading companies in a wide variety of industries

including banking, life sciences and media.

The reorganization of Sanoma’s Finance Shared Services will result in fewer

layoffs than initially estimated. After concluding co-operation negotiations

with unions in Finland and the Works Council in the Netherlands it is now clear

there will be 30 redundancies in Finland and 20 redundancies in the

Netherlands; the initial estimate was a total of 65 redundancies.

Additional information

Sanoma’s Communications, Robin Janszen, tel. +31 6 2293 2643 or



Get the world. Sanoma helps people access and understand the world.

We believe in a world full of opportunities, feelings, reactions and

inspiration. A world that you can reach, influence, explore and share. We want

to make it yours.

Sanoma is a front running consumer media and learning company in Europe. In

Finland and the Netherlands we are the market leading media company with a

broad presence across multiple platforms. Our main markets in learning are

Belgium, Finland, the Netherlands, Poland and Sweden. In 2013, Sanoma’s net

sales totalled EUR 2.1 billion. Sanoma is listed on the NASDAQ OMX Helsinki

stock exchange.

About Genpact

Genpact Limited (NYSE: G) is a global leader in transforming and running

business processes and operations, including those that are complex and

industry-specific. Our mission is to help clients become more competitive by

making their enterprises more intelligent through becoming more adaptive,

innovative, globally effective and connected to their own clients. Genpact

stands for Generating Impact – visible in tighter cost management as well as

better management of risk, regulations and growth for hundreds of long-term

clients including more than 100 of the Fortune Global 500. Our approach is

distinctive – we offer an unbiased, agile combination of smarter processes,

crystallized in our Smart Enterprise Processes (SEPSM) proprietary framework,

along with analytics and technology, which limits upfront investments and

enhances future adaptability. We have global critical mass – 64,000+ employees

in 24 countries with key management and corporate offices in New York City –

while remaining flexible and collaborative, and a management team that drives

client partnerships personally. Our history is unique – behind our

single-minded passion for process and operational excellence is the Lean and

Six Sigma heritage of a former General Electric division that has served GE

businesses for more than 15 years. For more information, visit www.genpact.com.

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