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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Sadif Analytics Prime

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JLT Mobile Computers AB Changes Organization; to Cut Jobs

Wednesday, 6 Mar 2013 09:24am EST 

JLT Mobile Computers AB announced that it continues to create the premise for profitable growth. To reduce cost and align the organization to the strategy, the Company has started a cost reduction initiative and reduction in force including seven positions. The economic instability has meant increased competition in less demanding segments, resulting in "margin squeeze". The segment includes such areas as mining and construction machinery, forestry and agriculture equipment, logistics, and harbors. The organizational changes are backed by an internal project to improve the operational efficiency which has resulted in streamlined processes and strengthened system support.