YIT transformation program progressing new organisational structure effective from
The change negotiations concerning salaried employees in
The new organisational structure consists of three customer-focused, agile business segments: Housing, Business Premises, and Infrastructure.
YIT has entered into a strategic partnership with
Actions taken to date will result in annualised cost savings of
The transformation program, launched in
'We are strengthening YIT and simplifying the way we run our business. The new organisational structure and operating model will increase the clarity, transparency, and the efficiency of our operations. We have reduced layers in the organisation and brought decision-making closer to both the work site and the customer. Strong, shared processes will enhance our competitiveness across segments. With these changes we can further increase the added value we create for our customers,' said
New organisational structure effective from
As part of the transformation program, YIT has simplified its organisational structure. The new organisation consists of three agile and customer-focused business segments: Housing, Business Premises, and Infrastructure. The operations in the former Property Development segment have been allocated to the other segments and Group Functions.
The new organisation will be effective from
Change negotiations completed
As part of the program, YIT initiated change negotiations in
As a result of the negotiations, approximately 130 jobs will be reduced in
YIT has entered into a strategic partnership with
YIT has entered into a strategic partnership with
YIT will provide updates on the progress and costs of the transformation program in connection with its financial reporting.
Contact:
Press
YIT Press Desk
Tel: +358 44 743 7536
E: press@yit.fi
Investor and Analyst
Tel: +358 44 581 7979
E: investorrelations@yit.fi
YIT Corporation
Tuomas Makipeska
CFO
Nasdaq
Major Media
WEB: www.yitgroup.com
YIT is the largest Finnish and a significant North European development and construction company. We develop and build sustainable living environments: functional homes, future-proof public and commercial buildings, infrastructure for smooth mobility, and renewable energy solutions to benefit the climate. We employ approximately 5,000 professionals in nine countries:
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