Brief: Agora Plans Layoffs Of Up To 14.15% Of All Employees

Agora SA

09/01/2024 11:23

Jan 9 (Reuters) - Agora SA  AGOP.WA :
    * STARTS COLLECTIVE REDUNDANCIES PROCEDURE REGARDING LAYOFFS
OF UP
TO 190 EMPLOYEES
    * FOLLOWING FINISHED CONSULTATION PROCEDURE COMPANY TO SEND
INFORMATION ON ESTIMATED PROVISION FOR REORGANISATION OF
WORKFORCE
    * SAID PROVISION TO INFLUENCE Q1 2024 FINANCIAL RESULTS
    * COMPANY AIMS TO LAY OFF UP TO 14.15% OF ALL EMPLOYEES
    * REDUNDANCIES REGARDING EMPLOYEES IN AREA OF DIGITAL AND
PRINTED
PRESS AND INTERNET
    * REDUNDANCIES TO BE PERFORMED IN PERIOD FROM FEB. 5 TO
MARCH 31
    * REASON FOR INTENDED GROUP LAYOFFS IN DIGITAL AND PRINTED
PRESS
AREA ARE MARKET FACTORS RESULTING FROM STEADY DOWNWARD TREND IN
PRINTED PRESS SALES
    * SAID DOWNWARD TREND RELATED WITH OUTFLOW OF READERS TO
OTHER
COMMUNICATION CHANNELS
    * REASON FOR GROUP LAYOFFS IN INTERNET AREA IS CLEAR
DETERIORATION
OF REVENUE FROM ADVERTISING SALES IN OPEN MARKET MODEL AND
INCREASE IN POSITION OF GLOBAL PLATFORMS

Source text for Eikon:  ID:nEM58jh1Ra 
Further company coverage:  AGOP.WA 

 (Reporting by Gdansk Newsroom)
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