Netum Group Plc: Netum's change negotiations concluded

Netum Group Plc | Press release | 21 October 2025 at 5:00 p.m. EEST

Netum Group Plc: Netum's change negotiations concluded

On 29 September 2025, Netum that it will launch a project to improve the efficiency of administration and productivity. As a part of the project, change negotiations were initiated, involving 67 people working in the Group's support functions, sales or supervisory positions. The negotiations did not primarily concern the persons engaged in customer work or the personnel of the subsidiary Studyo. announced

Prior to the start of the negotiations, Netum estimated that any measures taken after the negotiations could lead to the termination of a maximum of 14 positions for the entire Group. In addition, the change negotiations included other structural changes, such as plans to merge the subsidiaries' internal business units.

As a result of the negotiations, a significant number of ways were found to simplify and streamline administrative structures. One of these was the decrease in the number of supervisory roles. Some of those who previously worked in these positions will move to customer work or other roles that better support Netum's growth and competitiveness goals. In connection with the negotiations, it was also possible to agree on individual pension arrangements and internal personnel transfers between the Group companies. The measures will lead to the termination of the employment relationships of a total of seven people for the entire Group.

"Change negotiations always raise uncertainty, but their conclusion also brings clarity and confidence in the future. At the same time, we have to make difficult decisions for some people personally. However, the development of the structure is necessary to support future profitable growth. The simplification of the structure will bring us annual savings of approximately EUR 800,000. I would like to thank the entire personnel for their constructive approach – the journey towards the new Netum has now begun.", says Repe Harmanen, CEO of Netum Group.

Netum Group PlcRepe Harmanen, CEO+358 400 467 717 For further information, please contact:

repe.harmanen@netum.fi

Evli Plc+358 40 579 6210  Certified Adviser:

Netum is an 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 approximately 400 people, and the company's revenue in 2024 was EUR 44 million. Netum Group Plc's shares are listed on Nasdaq Helsinki First North (NETUM).  Netum Group Plc   www.netum.fi