Brief: Solteq Completes Change Negotiations

Solteq Oyj

11/10/2023 11:53

Oct 11 (Reuters) - Solteq Oyj  SOLTEQ.HE :
    * SOLTEQ PLC'S CHANGE NEGOTIATIONS COMPLETED
    *  AS RESULT OF EFFICIENCY AND COST SAVINGS MEASURES,
COMPANY
ESTIMATES TO ACHIEVE ANNUAL COST SAVINGS OF APPROX. EUR 3.8
MILLION
    * MAJORITY OF COST SAVINGS ARE EXPECTED TO BE REALIZED FOR
2024
    * EFFICIENCY AND COST SAVINGS MEASURES ARE NOT EXPECTED TO
AFFECT
RESULT OF 2023 SIGNIFICANTLY
    * NUMBER OF EMPLOYEES WORKING FOR UTILITIES SOFTWARE
BUSINESS WILL
REDUCE, AT MOST, BY 39 DUE TO RESIGNATIONS AND LAY-OFFS

Source text for Eikon:  ID:nWkr7Sy6WN 
Further company coverage:  SOLTEQ.HE 

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