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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

48.6
-0.5 -1.02%
16 Apr 2014