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Eurotech S.p.A. ( (IT:ETH) ) has issued an announcement.
Eurotech S.p.A. has reached an agreement with labor unions to implement a Solidarity Contract, reducing employee working hours by 37% until September 2025. This measure is part of Eurotech’s strategy to manage costs amid economic challenges, including a slowdown in 2024 due to factors such as the phase-out of US business, a global decline in industrial automation, delays in chip plant construction, and the automotive sector crisis, particularly impacting their Japanese subsidiary and German operations.
More about Eurotech S.p.A.
Eurotech S.p.A. operates in the technology industry, providing embedded computing systems, and is focused on long-term sustainable development.
YTD Price Performance: 4.39%
Average Trading Volume: 15
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €30.86M
For detailed information about ETH stock, go to TipRanks’ Stock Analysis page.