Inside Information: Solteq Plc to initiate change negotiations to improve operational efficiencies and profitability
Solteq PlcInside InformationAugust 23, 2023, at 08:02 a.m.Solteq Plc initiates change negotiations under Chapter 3, Section 16 of the Co-operation Act for the Utilities business segment. The change negotiations will take place to restructure the organization and improve the business's profitability. In January-June 2023, the Utilities segment’s operating result was EUR -2.8 million. The improvements to operational efficiencies target total annual savings of approximately EUR 3 million. ”The Utilities business area has had long-standing problems with product quality and development