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Agfa announces additional measures to adjust the cost base of its traditional film activities to the reality in the market
Globenewswireยท 2025-12-04 06:45
Core Insights - Agfa is implementing additional measures to adjust the cost base of its traditional film activities due to an accelerated decline in the global market for traditional film products, particularly medical film [1][2][4] - The original plan announced in November 2024 is being expanded and executed more rapidly in response to market conditions [2][3] Company Actions - The additional measures are set to be executed in 2026 and 2027, potentially impacting up to 145 employees in Belgium [3] - Agfa aims to minimize forced redundancies by utilizing natural staff turnover and promoting re-employment opportunities [3] Market Context - The global market for traditional film products has experienced a sharp decline over the past year, necessitating strong measures to ensure the company's future [4] - Agfa reported a turnover of 1,138 million euros in 2024, indicating its significant presence in the imaging technology sector [4]