Neste Oil Corp. buy tbackenh
Start price
17.10.09
/
50%
€4.42
Target price
16.04.10
€5.00
Performance (%)
0.08%
End price
16.04.10
€4.34
Summary
This prediction ended on 16.04.10 with a price of €4.34. The BUY prediction by tbackenh for Neste Oil Corp. closed nearly unchanged. tbackenh has 50% into this predictionPerformance without dividends (%)
| Name | 1w | 1m | 1y | 3y |
|---|---|---|---|---|
| Neste Oil Corp. | -5.682% | -5.682% | -55.050% | -66.557% |
| iShares Core DAX® | -2.926% | -3.811% | 9.621% | 12.399% |
| iShares Nasdaq 100 | 4.462% | 7.635% | 33.690% | 60.293% |
| iShares Nikkei 225® | 0.306% | -0.065% | 4.201% | 4.153% |
| iShares S&P 500 | 2.488% | 4.185% | 27.301% | 50.529% |
Comments by tbackenh for this prediction
In the thread Neste Oil Corp. diskutieren
Neste Oil Corp.
13 October 2009 at 8 am (EET)
Neste Oil completes its statutory employer-employee negotiations
Neste Oil has completed the statutory employer-employee negotiations covering the Finnish-based personnel employed by Neste Oil and its subsidiaries. These negotiations began on 5 August 2009.
As a result of the negotiations, Neste Oil's personnel in Finland will be reduced by a total of 351. Of these, around 240 people will leave the company through voluntary retirement. Neste Oil will offer outplacement services to those 111 persons also affected. A number of temporary layoffs will take place at Neste Jacobs as well; the exact number of these has yet to be finalized. In addition, majority of temporary jobs will end as these contracts expire.
The reductions will be implemented immediately, beginning in October 2009. The last job losses related to these reductions will take place during 2010. Temporary layoffs will be made on a phased basis during 2009 and 2010.
The measures decided on are the result of Neste Oil's need to adapt its cost structure to the changes that have taken place in the market situation, its lower level of profitability, and the requirements of its new operating model. Personnel-related measures will save the company EUR 30 million in annual fixed costs.
When the negotiations were started, Neste Oil anticipated that 450 people would be affected. Neste Oil currently employs approximately 5,300 people, of which around 4,000 are based in Finland.
(Laufzeit überschritten)