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