Northland Resources S.A. announced that the company and the relevant labor union have reached an understanding concerning employees with collective agreement. As a part of the new strategy which the company announced on June 30, 2014, Northland performs organizational changes since the Company's new strategy includes operations from only one processing line. The organizational changes are also necessary as a component of reaching reduced cost levels.

Negotiations with the labor union IF Metall have been constructive and have been based on Northland's new operating strategy and costs saving targets. These targets are met through an understanding which have been reached regarding the employees with collective agreement. Northland has minimized the impact on its own employees by decreasing the contracting of consultants and contractors.

The result of the reached understanding will impact 29 of Northland's probationary employees, whose employment will be terminated. Furthermore, negotiations are ongoing with relevant labor unions regarding the administrative employees and the company will revert with information regarding the outcome of this.