Integrated Report 2020

3g. Restructuring provision

At the end of December, the Group finalised the process of collective redundancies scheduled for 2019-2020.

On 18 December 2020, the Group finalised negotiations with trade union organisations operating in the Group and concluded an agreement on defining the rules with reference to the matters concerning employees in connection with the collective redundancies process resulting from the adaptation of the Group’s business model in relation to the change of business environment. In connection with the agreement concluded in December 2020, the Group created restructuring provision to cover the costs of employment reduction.

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