Inside information: QPR Software Plc starts change negotiations to adapt the company's operations, structure and related personnel costs to reflect the change in business focus
19 Ottobre 2023 - 8:00AM
Inside information: QPR Software Plc starts change negotiations to
adapt the company's operations, structure and related personnel
costs to reflect the change in business focus
QPR SOFTWARE
PLC
INSIDE
INFORMATION
19 October 2023 AT 9 A.M. EET
On 19 October 2023, QPR
Software Plc will submit a negotiation proposal per the Act on
Cooperation to start the change negotiations.
QPR announced on 5
September 2023 that as part of its strategy, the company is
re-positioning itself even more strongly as a software and SaaS
player and as a consultant for its core business areas as well as a
leading player in Digital Twin of an Organization (DTO)
technology.
On 16 October 19, 2023,
the company gave a profit warning where it stated, that some of the
consulting projects in the domestic public sector outside the core
business have ended prematurely or they are occurring on a smaller
scope than originally expected. This will reduce the net sales at
the end of the year, and the company's net sales for the whole
fiscal year will remain at the level of the previous year, while
the growing software business compensates for the
decrease.
In change negotiations,
the company deals with measures aimed at adapting the company's
operation, structure, and related personnel costs to reflect the
change in business focus and the company's long-term vision and
goals.
The scope of the
negotiations includes the personnel of the company's consulting
business unit, in all offices, a total of 14 people.
According to preliminary
estimates, the measures that may be implemented after the change
negotiations could lead to temporary layoffs of the personnel of
the consulting business unit for a maximum of 90 days and, in
addition, to the termination of a maximum of nine (9)
positions.
The negotiations will
start on 26 October 2023 and last two (2) weeks following the Act
on Cooperation.
For further
information:
Heikki
Veijola
Chief Executive
Officer
QPR Software
Plc
Tel. +358 40 922
6029
About QPR
Software
QPR Software Plc (Nasdaq
Helsinki) provides process mining, performance management, and
enterprise architecture solutions for digital transformation,
strategy execution, and business process improvement in over 50
countries. QPR software allows customers to gain valuable insights
for informed decisions that make a difference.
www.qpr.com
DISTRIBUTION
Nasdaq
Helsinki
Key
medias
www.qpr.com
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