Kitron reorganises its Swedish operations
(Thomson Reuters ONE) -
(2010-11-17) Kitron is planning to reorganise its Swedish operations to increase
its competitiveness and improve profitability. This involves transfer of
production to lower cost countries and to optimise the production between the
operating units in Sweden. Furthermore the intention is to merge the Swedish
legal entities and to centralise all the administration to Jönköping in order to
reduce indirect costs. The reorganisation will primarily affect the operation in
Karlskoga. The Karlskoga operation will be downsized to a manufacturing site for
defence customers and a customer interface for our entities in Lithuania and
China within the medical segment. The Karlskoga operation will maintain
competence to provide technical services to its customers. As a result of this
plan it is estimated that 55 employees will leave the company. Notices will be
issued this week and negotiations with the unions will start as soon as
possible.
Kitron is one of Scandinavia's leading Electronic Manufacturing Services
companies for the Data/Telecoms, Defence, Energy, Industry, Medical equipment
and Offshore/Marine sectors. The company is located in Norway, Sweden,
Lithuania, Germany, China and USA. Kitron had a revenue of about NOK 1.7 billion
in 2009 and has about 1,100 employees. www.kitron.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1463257]
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Source: Kitron ASA via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 17.11.2010 - 11:01 Uhr
Sprache: Deutsch
News-ID 48857
Anzahl Zeichen: 2119
contact information:
Town:
Oslo
Kategorie:
Business News
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"Kitron reorganises its Swedish operations"
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