Brief: QPR Software Starts Change Negotiations

QPR Software Oyj

20/09/2022 09:17

Sept 20 (Reuters) - QPR Software Plc  QPR1V.HE :
    * STARTS CHANGE NEGOTIATIONS TO ACHIEVE COST SAVINGS AND
OPERATIONAL EFFICIENCY
    * ESTIMATES POSSIBLE NON-RECURRING COSTS RELATED TO
REORGANIZATION
OF OPERATIONS TO BE MAXIMUM OF ABOUT EUR 100,000
    * NEGOTIATIONS WILL START ON SEPTEMBER 26, 2022, AND LAST
SIX (6)
WEEKS ACCORDING TO ACT ON CO-OPERATION WITHIN UNDERTAKINGS
    * PRELIM ESTIMATE: CHANGE NEGOTIATIONS COULD LEAD TO
PERSONNEL
LAYOFFS, TERMINATION OF MAXIMUM OF 25 JOBS
    * SCOPE OF NEGOTIATIONS INCLUDES COMPANY'S ENTIRE PERSONNEL,
A
TOTAL OF 89 PEOPLE
    * PLANNED ACTIONS, COMPARED TO ITS SIZE, COMPANY AIMS FOR
SIGNIFICANT ANNUAL SAVINGS

Source text for Eikon:  ID:nGNE4j9DSV 
Further company coverage:  QPR1V.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))