The Finnish news agency STT has ended its restructuring negotiations with the announcement of the termination of 13 positions, contributing to a total personnel reduction of 21, as eight other jobs will not be replaced. In addition to job losses, many other employees will experience significant changes to their employment conditions, including reductions in working hours and modifications to job descriptions. This restructuring aims to enhance operational efficiency and secure STT's competitive edge in the market.

STT's CEO, Kimmo Laaksonen, stated that the only way to maintain the agency's competitiveness is through efficiency improvements and the exploration of new revenue sources. He highlighted the importance of the recent news regarding a €1.05 million government grant, which he deemed critical for STT's future sustainability. The acknowledgment of STT's role in Finnish society is also crucial as it underlines the agency's significance to the nation.

As STT transitions its operations, including image and media services, to a new structure in April, these changes are reflective of the broader challenges faced by news agencies globally in adapting to new media landscapes. The decision to restructure raises concerns regarding job security and the evolving nature of journalism in Finland, as agencies seek to balance traditional reporting with modern demands for digital content and efficiency.