QPR Software Plc's change negotiations to adapt the company's operations, structure and related personnel costs to reflect the change in business focus have ended
10 Novembre 2023 - 8:00AM
QPR Software Plc's change negotiations to adapt the company's
operations, structure and related personnel costs to reflect the
change in business focus have ended
QPR SOFTWARE
PLC
STOCK EXCHANGE
RELEASE
10 October 2023 AT 9 A.M EET
On 19 October 2023, QPR
Software Plc announced its plans to start change negotiations in
order to to adapt the company's operations, structure and related
personnel costs to reflect the change in business focus. The change
negotiations have been completed on Thursday 9 November
2023.
As a result of the
negotiations, the company terminates a maximum of nine (9)
positions. According to preliminary estimates, the company
estimated that the adjustment measures will lead to temporary
layoffs of the personnel for a maximum of 90 days and in addition,
for a maximum of nine positions to end. The scope of the
negotiations included the company's consulting business unit’s
personnel, in all its offices, a total of 14
people.
The adjustment measures
are based on the company’s strategy of profiling more strongly as a
software and SaaS (Software-as-a-Service) player and as a
consultant for its core business areas. The company is also
re-positioning itself as a leading player in Digital Twin of an
Organization (DTO) technology.
Additionally, 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. The company
stated that 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.
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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