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SES remains on track to generate EBITDA optimisation ramping to EUR 40-50 million annually from 2021
SES has reached an agreement with its personnel delegations to discontinue social plan talks for Luxembourg-based SES employees, instead shifting gears to negotiate an employment safeguard plan.
In Luxembourg, SES management and its personnel delegation have had multiple meetings in the last four weeks. Together, they have managed to reduce the number of impacted employees mainly through redeployment of employees into positions in new growth areas. SES management and its personnel delegation will now work jointly on an employment safeguard plan to find the best solution for the remaining employees.
This global restructuring...
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