Change negotiations of Detection Technology completed

Detection Technology Plc company announcement 23 August 2023 at 12:00 (EEST)

Change negotiations of Detection Technology completed

The change negotiations of Detection Technology Plc in Finland have been completed today, on 23 August 2023. As a result of the negotiations, the company terminates a maximum of nine (9) employments and makes changes to job roles.

At the beginning of the negotiations, the company estimated that post-negotiation measures could lead to the termination of a maximum of nine (9) employments and changes in job roles. The scope of the negotiations included the company's all senior salaried employees in Finland, a total of 95 employees.

Detection Technology announced in its half-year report that it has taken measures to improve its operational efficiency and profitability. As a part of these measures, the company initiated the change negotiations in Finland in accordance with the Finnish Act on Co-operation within Undertakings for productional and financial reasons.

In addition to the completed change negotiations, Detection Technology will implement different efficiency measures and reorganizations at the Group sites globally. It is estimated that the measures will continue until the end of September 2023.

Further information

Hannu Martola, President and CEO
+358 500 449 475, hannu.martola@deetee.com

Nordea is the company’s Certified Advisor under the Nasdaq First North GM rules.

Detection Technology is a global provider of X-ray detector solutions and services for medical, security, and industrial applications. The company’s solutions range from sensor components to optimized detector subsystems with ASICs, electronics, mechanics, software, and algorithms. It has sites in Finland, China, France, and the US. The company’s shares are listed on Nasdaq First North Growth Market Finland under the ticker symbol DETEC.

Distribution: Nasdaq Helsinki, key media, www.deetee.com