BBS-Bioactive Bone Substitutes Plc – Insider information: BBS will start change negotiations

BBS will start change negotiations with the company employees in accordance with the Act on Co-operation within Undertakings on November 28, 2024. These negotiations will involve the entire organization. The Company plans to make possible changes to its operations to reduce fixed costs, following the ended process of the Company's Artebone® Paste European application for certification by the Notified Body (BSI).

According to the Company's preliminary estimates, the change negotiations may lead to potential layoffs, terminations, or changes in job descriptions. The number and scope of possible layoffs, terminations, and changes in job descriptions will be clarified during the negotiations.

The company employs approximately 25 permanent employees in Finland. The negotiations in accordance with the Act on Co-operation within Undertakings are expected to last for two weeks, until December 12, 2024.

The company’s board of directors is also evaluating other possible strategic measures regarding the company’s future and will provide more information about these next week.

BBS-Bioactive Bone Substitutes Plc