Northland Resources SE announced that negotiations with the relevant labor unions regarding organizational changes have been finalized. The employment of approximately 240 employees will be terminated as a consequence of operations being halted indefinitely due to the Company's extremely constrained liquidity. Negotiations with the relevant labor unions have now been finalized and as a result will the employment of approximately 240 employees, out of the current number of 269 employees, be terminated.

Furthermore, the executive management team will be reduced by one position, the vacant position as Chief Technical Officer (CTO) will not be included in the new organization. The Management Team will consist of Johan Balck (CEO and acting COO), Johan Dagertun (CFO) and Tomas Gustafsson (CAO).