STT faces possible shutdown, up to 95 jobs at risk
STT announced restructuring talks that could eliminate up to 95 positions, putting the agency's current operations in jeopardy.
Suomen Tietotoimisto STT warned that its present business model may cease, launching restructuring talks that could affect nearly all employees and result in up to 95 job losses. The proposed cuts involve 68 staff from editorial and photo units and the remainder from other services such as development, commercial activities and IT. Persistent deficits in the news- and photo-agency segment and the lack of a sufficiently wide owner base have driven the plan, which could see operations end by March.
The agency’s last overhaul occurred at the turn of 2025-2026 after Sanoma Media Finland ended its use of STT’s services. Although the state offered a one-off support of roughly €1 million, the needed funding was larger and the money has not been received. Sanoma, holding a majority stake since 2018, sought to spread ownership among its clients but found no willing partners, leaving the board and shareholders united on the need for restructuring.
