Brief: F-Secure Starts Change Negotiations

F-Secure Oyj

25/10/2023 06:12

Oct 25 (Reuters) - F-Secure Oyj  FSECURE.HE :
    * INSIDE INFORMATION: F-SECURE INITIATES CHANGE NEGOTIATIONS
ON
PLANNED ALIGNMENT OF ITS ORGANIZATIONAL STRUCTURE AND OPERATING
MODEL WITH ITS STRATEGIC GROWTH INITIATIVES AND FINANCIAL
TARGETS
    * CHANGE NEGOTIATIONS CONCERN ENTIRE F-SECURE PERSONNEL
GLOBALLY
    * ACCORDING TO INITIAL ESTIMATE, CHANGE NEGOTIATIONS COULD
RESULT
IN A REDUCTION OF A MAXIMUM OF 70 POSITIONS
    * REDUCTION OF MAXIMUM OF 50 POSITIONS ARE EXPECTED TO BE IN
FINLAND
    * PLANNED CHANGES ARE ESTIMATED TO GENERATE ANNUAL COST
SAVINGS OF
AROUND EUR 9 MILLION VERSUS CURRENT RUN RATE
    * ONE-OFF COSTS RELATED TO PLANNED CHANGES ARE EXPECTED TO
BE
RECORDED AS ITEMS AFFECTING COMPARABILITY (IAC)
    * IN FINLAND, CHANGE NEGOTIATIONS WILL BEGIN ON OCTOBER 30,
2023
AND NEGOTIATIONS WILL LAST AN ESTIMATED SIX WEEKS UNLESS
OTHERWISE AGREED
    * CHANGE NEGOTIATIONS DO NOT AFFECT PREVIOUSLY DISCLOSED
FINANCIAL
OUTLOOK FOR 2023 OR MEDIUM TERM FINANCIAL TARGETS OF F-SECURE

Source text for Eikon:  ID:nMFN9Cgk9N 
Further company coverage:  FSECURE.HE 

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