• Home
  • Journal
  • Public Companies
  • 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

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

Written by Customer Service on . Posted in Public Companies.

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  

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.