A press release states that a "significant restructuring" is planned.
"Costs are still higher than revenues. . . It is not realistic to maintain the news and photo agency operations with STT's current customer base," writes CEO Kimmo Laaksonen.
STT was founded in 1887 and was long active in both Finnish and Swedish. However, the Swedish-language part, Finnish Notisbyrån (FNB), was closed in 2017.
