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Digitalist Group to initiate a rationalisation program and co-operation negotiations within the group

Digitalist Group to initiate a rationalisation program and co-operation negotiations within the group

Digitalist Group Plc         Inside information          11.4.2019 at 10:00

Digitalist Group Plc (“Digitalist Group” or “Company”) is to initiate a rationalisation program within the group through cost-saving measures contemplated by the Company. The measures aim to lighten Digitalist Group’s cost structure and enhance its profitability. On group level, the Company aims for annual cost savings of approximately EUR 1.5 to 2.3 million.

As part of the rationalisation measures, the Company’s subsidiary Digitalist Finland Ltd will initiate co-operation negotiations concerning the Company’s employees in group leadership, sales, support functions, project management and supervisor roles. Besides cost savings, the planned reorganisation aims at streamlining the organisation. The co-operation negotiations are initially estimated to result in personnel reductions and changes in terms of employment. The planned changes are preliminarily estimated to lead to a reduction in the number of employees by a maximum of 9 persons.



DIGITALIST GROUP PLC

Board of Directors



For more information, please contact:

Digitalist Group Plc

Hans Parvikoski, interim CEO, CFO, tel. 4,



Distribution:

Nasdaq Helsinki Ltd

Main media

Attachment

EN
11/04/2019

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