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F-Secure has completed restructuring

F-Secure Corporation, Press Release, 4 December 2019 at 15.30 EET

F-Secure has completed restructuring

F-Secure has completed restructuring of operations as planned. The restructuring was estimated to result in annual cost savings of more than EUR 5 million to be achieved by the end of 2020 as originally announced on 7 October 2019. Restructuring included personnel reduction negotiations that resulted in reduction of approximately 60 full-time equivalents globally out of which approximately 25 from Finland.

The restructuring enabled F-Secure to capture synergies from acquisition of MWR InfoSecurity, reallocate resources for further growth and streamline common functions. The planned personnel reductions were estimated to be maximum 90 employees globally and 50 employees in Finland.

 

Contact information

Eriikka Söderström, CFO, F-Secure
+358 44 373 4693

Henri Kiili, Investor Relations and Treasury Director, F-Secure
+358 40 840 5450
investor-relations@f-secure.com