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Netum Group to Start Change Negotiations With Solutions Unit Under Cost-saving Plan

MT Newswires·12/29/2025 07:57:39
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07:57 AM EST, 12/29/2025 (MT Newswires) -- Netum Group (NETUM.HE) will carry out change negotiations with 223 employees of its subsidiary, Netum Ltd (Netum Solutions business area), over a period of six weeks starting Jan. 5, 2026. The talks are expected to result in the dismissal of up to 50 people and the termination of up to 10 roles, or revisions to the employment contracts' essential terms, according to a Monday release. The IT service company said the move aims to generate personnel cost savings of 1 million euros in 2026 amid reduced development funding from its customers.