Solteq has launched formal change negotiations in Finland that could lead to up to 40 job cuts, as the Nordic retail software supplier moves to cut costs and restructure parts of its business.
The company said the talks will affect its Retail & Commerce and Utilities segments. The aim is to achieve at least €2.1 million in annual cost savings while adjusting operations to weaker customer demand in the software and IT market.
Solteq said current staffing levels no longer match the volume of available work. At the same time, the group is reorganising its Retail & Commerce unit to better align with changing market needs in POS, unified commerce and digital retail platforms.
The negotiations will cover employees in the Commerce & Data and Utilities Software business units, as well as the POS and Unified Commerce operations. In addition to potential redundancies, Solteq said the process may result in changes to job roles, responsibilities and organisational structures.
The formal negotiations will begin on 2 February 2026 and are expected to conclude by 16 March 2026.
Solteq operates as a retail and energy-focused software provider across Finland, Sweden, Norway, Denmark, Poland and the UK. The company employs around 400 people and supplies digital commerce platforms, POS systems and e-commerce solutions to retailers across the Nordic region.
For grocery and retail operators, the announcement highlights ongoing pressure in the retail technology market. Slower project pipelines and tighter IT budgets are forcing suppliers to adjust capacity and focus more heavily on profitability and core product lines.
The restructuring also reflects a broader shift in the Nordic retail software sector, where demand has softened following several years of rapid digital investment by supermarket groups. Vendors are now prioritising efficiency, standardised product platforms and lower delivery costs.
Solteq said the changes are intended to strengthen its long-term competitiveness and improve operational flexibility as customer requirements evolve.
