Analyst Research

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Provider: Wright Reports
Provider: Reuters Investment Profile

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Avtech Sweden publ AB Implements New Organization and Reduces Number of Employees by Four

Tuesday, 25 Jun 2013 02:00am EDT 

Avtech Sweden publ AB announced that the Company has implemented a new organization consisting of three business units, namely Business Unit Aventus NowCast, Business Unit Consultancy and Business Unit Research and Development. AVTECH has also as part of the reorganization implemented cost savings of approximately 35% of the fixed costs of the Company, which will gradually have an impact during the upcoming three months. Savings consist mainly of a reduction of the number of employees (a reduction of four employees), partly of a reduction of miscellaneous office and IT-costs. In spite of fewer employees the new organization significantly increases the resources dedicated to the company‚Äôs Sales and implementation activities. 60% of staff is now active within BU Aventus NowCast; 30% within BU Consultancy and 10% within BU Research and Development. 

Company Quote

27 Jan 2015