Netum Group Plc's subsidiary Buutti Oy starts change negotiations
Buutti Oy, a Netum Group Plc subsidiary, will start change negotiations today due to the prolonged reduced demand in the corporate sector. The change negotiations affect a total of 80 of Buutti Oy’s employees. The measures that may be implemented after the change negotiations are estimated to concern a maximum of 9 positions. The measures may lead to temporary layoffs and a reduction of a maximum of 4 positions.
By streamlining operations, the company aims to achieve cost savings of approximately EUR 600,000 in 2024.
The change negotiations of Buutti Oy do not affect the usual business operations of Netum Group’s other subsidiaries, Netum Ltd and Studyo Oy.
Buutti Oy became a subsidiary of Netum Group Plc through a business acquisition on September 1, 2023.
For additional information, please contact:
Netum Group Plc
Matti Mujunen, CEO
+358 40 047 6401
matti.mujunen@netum.fi
Netum Group in brief
Netum is a strongly and profitably growing 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 more than 400 people, and the company's revenue in 2022 was EUR 29.1 million. Netum Group Plc's shares are listed on Nasdaq Helsinki First North (NETUM). www.netum.fi/