Agfa announces plan to adjust the cost base of its traditional film activities to the reality in the market - regulated information
November 14 2024 - 12:45AM
UK Regulatory
Agfa announces plan to adjust the cost base of its traditional film
activities to the reality in the market - regulated information
November 14, 2024 – 7:45 a.m. CET
Regulated information
Agfa announces plan to adjust the cost base of its
traditional film activities to the reality in the
market
Mortsel, Belgium – November 14, 2024 –
7:45 a.m. CET
Agfa today announced a plan to adjust
the cost base of its traditional film activities to the reality in
the market. The company has the intention to thoroughly reorganize
all aspects of the film-related activities, with the goal of
achieving savings of 50 million euro by the end of
2027.
On November 14, the intention to reorganize the
film-related business was presented to the social partners in
Belgium at an Extraordinary Works Council meeting.
If the intended plan would be executed, this
would impact up to 530 employees in Belgium. Blue-collar employees,
white-collar employees as well as management positions would be
affected. Its implementation would run over a three year period.
Agfa intends to avoid as many forced redundancies as possible by
using the natural outflow of staff and also by encouraging
mutations and re-employment.
“While we are convinced that the proposed
measures are necessary for the future of our company, we are also
very aware that this message might cause anxiety and uncertainty
among our employees. We will do our utmost to maintain a
constructive social dialogue with the social partners involved and
keep the period of uncertainty as short as possible,” said Pascal
Juéry, CEO of the Agfa-Gevaert Group.
(end of message)
About Agfa-Gevaert
The Agfa-Gevaert Group is a leading company in imaging technology
and IT solutions with over 150 years of experience. The Group holds
three divisions: Radiology Solutions, HealthCare IT and Digital
Print & Chemicals. They develop, manufacture and market
analogue and digital systems for the healthcare sector, for
specific industrial applications and for the printing industry. In
2023, the Group realized a turnover of 1,150 million euro.
www.agfa.com
Contact:
Viviane Dictus
Director Corporate Communications
tel. +32 0 3 444 7124
e-mail: viviane.dictus@agfa.com
AGFA Gevaert NV (TG:AGE)
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