Tietoevry has decided to exit its operations in Russia.
The company sees that in light of the ongoing military activity and the humanitarian crisis in Ukraine, the continuation of business in Russia is ethically unsustainable.
The exit process begins immediately, with due considerations towards employees and customers. The company today employs around 100 professionals in Moscow and St. Petersburg, serving local and international customers in Russia.
“We all have been shocked by the tragic situation in Ukraine, which insults modern societies and human values. Our top priority in this difficult situation is the safety of our people. In light of the recent developments, we have decided to initiate exiting our business in Russia. We hope nothing more than the violence and sufferings in Ukraine to end the soonest,” comments President and CEO Kimmo Alkio.
Tietoevry continues to do the utmost to actively support our approximately 2000 employees and their families in Ukraine, including efforts to evacuate them to safer areas and providing necessities and advance salary payments.
These actions are not expected to have any material impact on Group financials. Tietoevry Russia accounts for approximately 0.4% of Group revenues.