Here is Netum’s press release on the conclusion of the change negotiations.
Netum Group Plc | Press Release | 27 October 2026 at 15:00 EEST
Netum Oy’s change negotiations concluded – annual cost savings of approximately EUR 1.8 million
Netum Group Plc announced on 12 October 2026 that it was restructuring its organization in line with its clarified strategy and targeting annual cost savings of EUR 1.4–1.8 million. The change negotiations at subsidiary Netum Oy concluded on 26 October 2026. Discussions with the personnel of other group companies were conducted through a corresponding procedure.
As a result of the negotiations and discussions, seven role changes were made, four temporary layoffs were implemented, two roles were eliminated, and one other individual arrangement was agreed upon. As a result of these decisions, capacity for customer work was not reduced, but instead increased.
In addition to these decisions, the cost savings consist of other arrangements implemented since August 2026. Vacated positions have been left unfilled, employees have been temporarily laid off, and working hours have been reduced to part-time by mutual agreement. Total annual cost savings are approximately EUR 1.8 million compared to personnel expenses and other costs in August 2026 that would have materialized without the measures. The savings will already be partially visible in the final quarter of 2026, primarily in 2027, and in full starting from 2028.
The one-off costs related to the restructuring are estimated at approximately EUR 0.3 million. They will be recognized for 2026 and treated as items affecting comparability.
The new organization will officially take effect on 1 January 2027. On the same date, sales will be transferred via a business transfer from Netum Oy to Netum Group Plc, and the Training team from Netum Oy to Studyo Oy. The transfers will not alter the terms and conditions of employment for the personnel. In the new structure, there will be at most two managerial levels between the CEO and a specialist.
Netum’s outlook for 2026 remains unchanged.
”The negotiations have concluded and the decisions have been made. The decisions of the negotiations were directed at administration, sales, and management, not customer work. We reassigned managers and coordinators to customer-facing work, so our billable capacity increases while costs decrease. I want to thank the personnel and employee representatives for constructive negotiations. We are now focusing on sales and the efficient operation of the new organization,” comments Netum Group Plc’s CEO Repe Harmanen.