Business
Agfa Gevaert : concludes agreement with social partners on additional measures to adjust the cost base of its traditional film activities to the reality in the market
Agfa Gevaert : concludes agreement with social partners on additional measures to adjust the cost base of its traditional film activities to the reality in
About this update from Agfa-gevaert Nv
Non-regulated information Mortsel, Belgium - March 4, 2026 - 11.00 AM CET Agfa today announced that it has reached an agreement with its social partners in Belgium on its additional measures to adjust the cost base of its traditional film activities to the reality in the market. On December 4, 2025, the intention to implement the additional measures was presented to the social partners in Belgium at an Extraordinary Works Council meeting. March 3, 2026 the information and consultation discussions were concluded and a social plan was agreed upon with the social partners. The additional measures will impact 145 employees in Belgium. Blue-collar employees, white-collar employees as well as management positions will be affected. The implementation will run over 2026 and 2027. Forced redundancies are being avoided as much as possible by using the natural outflow of staff (pre-retirement schemes), by encouraging job mutations, and by a voluntary leave program. "I am pleased that we have reached a negotiated agreement with our social partners. I would like to thank everyone involved for their constructive attitude. As 2025 progressed, it became clear that our initial restructuring plan would not be sufficient to offset the impact of the rapidly declining film markets. We will continue to monitor market developments closely and will take the necessary actions to ensure the successful transformation of our company," said Pascal Juéry, CEO of the Agfa-Gevaert Group. About Agfa-Gevaert The Agfa-Gevaert Group is a leading company in imaging technology, with nearly 160 years of experience. Agfa develops, manufactures and markets analog and digital systems for the healthcare sector, for the printing industry, for the green hydrogen industry and for specific industrial applications. In 2024, the Group realized a turnover of 1,138 million euro. www.agfa.com Contact: Viviane Dictus Director Corporate Communications tel. +32 0 3 444 7124 e-mail: [email protected]