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NCC AB Streamlines NCC Housing Operations Entailing Possible Reduction of Employees; Affirms Housing Units in Production up to 2015 Target-DJ


Tuesday, 12 Mar 2013 04:30am EDT 

Dow Jones reported that the development of NCC AB's NCC Housing is moving forward and the next step is to establish a new organization for the Swedish operations with simpler processes and a clearer sales-and-customer focus. The organization is being formed and is expected to be operational no later than June 1, 2013. The change entails a possible reduction in the number of employees in the Swedish section of the NCC Housing business area by approximately 50. The Company aims however to offer other positions within NCC. The need to streamline Swedish organization, is caused by the fact that NCC Housing was staffed for a higher project volume than has actually materialized. NCC's target of increasing the number of housing units in production to at least 7,000 during the strategy period up to 2015 stands firm. 

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