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As a result of efficiency and cost savings measures to be implemented, the company estimates to achieve annual cost savings of approximately
At the beginning of the negotiations, the company estimated that the potential measures, if implemented, could lead to a termination of employment of up to 40 people in
As a result of the negotiations, the number of employees working for the Utilities software business will reduce, at most, by 39 due to resignations and lay-offs. In addition, the company will implement cost savings and reduction measures in other group companies.
With the renewed organizational structure and operational model, the company aims to create a foundation for a more agile and profitable Utilities business. The long-term target for the segment's annual growth is a minimum of 15% for revenue and 18% for operating result margin.
Distribution
Nasdaq
Key media
www.solteq.com
Further information
CEO
Tel: +358 40 342 4440
Email: aarne.aktan@solteq.com
https://news.cision.com/solteq/r/solteq-plc-s-change-negotiations-completed,c3851779
https://mb.cision.com/Main/10667/3851779/2352623.pdf
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