Beskrivning
| Land | Finland |
|---|---|
| Lista | First North Finland |
| Sektor | Informationsteknik |
| Industri | Infrastruktur |
Netum Group Plc | Company announcement, Inside information | 13 May 2025 at 8:00 a.m. EEST
Netum Group Plc: Inside information: Netum Ltd starts change negotiations to prepare for a decrease in project volume
Netum is preparing for a declining project volume and is initiating change negotiations involving 235 people. The negotiations concern all business units of the subsidiary Netum Ltd, except for the Cyber security services unit, the Integration services team and the sales organization. The negotiations will adjust the company's resources to respond to the decreasing project volume and the prolonged uncertainty of customer demand.
Any measures to be taken after the change negotiations may lead to the layoff of a maximum of 50 people and the termination of a maximum of 25 positions. Netum estimates that the possible permanent measures, if fully implemented, would result in annual savings of approximately EUR 1.9 million.
"Customer demand has been steadily weakening for over a year now, and the recent actions of by leaders of major countries that have increased uncertainty, have deepened this development. There is fierce, sometimes unhealthy, price competition in the market, which has contributed to increasing the pressure. As a result of these factors, we are unfortunately forced to initiate these actions. We have not had easy choices to make. I know that uncertainty affects us all. However, we want to act in a timely and responsible manner – the goal is to ensure Netum's sustainability and operational capacity in the years to come. The adjustment actions we are taking now are based on market analyses and are necessary to maintain our competitiveness and jobs in the long term," says Repe Harmanen, CEO of Netum Group Plc.
The negotiations will begin on 19 May and are expected to conclude by the end of June.
For further information, please contact:
Netum Group Plc
Repe Harmanen, CEO
+358 400 467 717
repe.harmanen@netum.fi
Certified Adviser:
Evli Plc
+358 40 579 6210
Netum Group Plc
Netum is an IT service partner that builds a functional and secure digital society. We help our customers develop their digital business by designing and implementing sustainable digital solutions tailored to their needs – wisely and responsibly. Netum employs approximately 400 people, and the company's revenue in 2024 was EUR 44 million. Netum Group Plc's shares are listed on Nasdaq Helsinki First North (NETUM). www.netum.fi