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WithSecure Oyj
Board/Management Information • Apr 4, 2023
3267_rns_2023-04-04_43e39e40-8207-4bc2-8aee-cf5d3a3a31bb.html
Board/Management Information
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Disclosure 431114
WithSecure Oyj - Other information disclosed according to the rules of the Exchange
WithSecure has completed its change negotiations
WithSecure Corporation, Stock Exchange Release, 4 April 2023, 16:00 EEST
WithSecure has completed its change negotiations
WithSecure Corporation announced on 9 February 2023 that it will start change negotiations to improve profitability and competitiveness. Negotiations have been mostly completed for all group entities.
The negotiations will result in reduction of approximately 84 positions, of them 29 in Finland.
The changes, combined with other cost-saving measures, will lead to approximately EUR 14 million of annual cost savings. The cost savings are expected to be achieved gradually, starting in the second quarter of 2023.
The changes will incur an approximately EUR 4,5 million one-off expense that will be recognized in the first quarter of 2023. The expenses are to be realized mostly during the year 2023.
Contact information:
Charlotte Guillou, Chief People Officer
WithSecure Corporation
Laura Viita, Investor Relations Director
WithSecure Corporation
+358 50 487 1044
