Analyst Research

Report Title Price
Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Directors Deals Ltd.

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Intellecta AB To Restructure Operations in Malmo Region; To Reduce Workforce by Approximately 25 People

Tuesday, 20 Nov 2012 03:30am EST 

Intellecta AB announced that the Company is to reduce its workforce by approximately 25 people. These measures, together with the new joint venture with Propeople announced on September 4, 2012, are expected to reduce costs in 2013 by over SEK 12 million. Costs connected with the layoffs are estimated at approximately SEK 8 million, out of which approximately SEK 5 million will be charged in the fourth quarter of 2012. As part of the reorganization, the Company is to restructure its operations in the Malmo region into the Company's subsidiary Bysted AB, as well as whole Hilanders activities are to evolve from Stockholm. 

Company Quote

-0.5 -1.02%
16 Apr 2014