Kitron reorganises its Swedish operations
(Thomson Reuters ONE) -
(2011-11-09) Kitron AB's unit in Karlskoga, Sweden, has during 2010 and 2011
carried out a major restructuring program with the purpose of adjusting its
operation in relation to cost and manning. The changes have, among others,
resulted in a consolidation of all administration to Kitron AB in Jönköping.
During 2011 discussions have been ongoing with the single largest customer in
Karlskoga leading to a transfer of manufacturing to a low cost alternative
within the Kitron group. This together with lower orders within the Defence
segment leads to the need of additional restructuring of the Karlskoga unit.
This restructuring can, depending of the outcome of the local negotiations with
the union, lead to an extensive down sizing or total close down of the unit.
Following Kitron's customer focus the aim is to handle the restructuring with
the customer's best interest at first hand.
A notice has today, for this reason, been delivered to the Swedish unemployment
agency involving all 69 employees. All employees have been informed and
negotiations with the union will start as soon as possible.
For further information please contact:
Thomas Löfgren, General Manager Kitron Sweden, telephone: (+46) 70 889 53 26 or
e-mail:Thomas.lofgren(at)kitron.com
Jørgen Bredesen, CEO of Kitron ASA, telephone: (+47) 4825 2584, or e-
mail:jorgen.bredesen(at)kitron.com
Kitron is one of Scandinavia's leading electronic manufacturing services
companies for the Defence, Energy/Telecoms, Industry, Medical equipment and
Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania,
Germany, China and the United States. Kitron had a revenue of about NOK 1.6
billion in 2010 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)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Kitron ASA via Thomson Reuters ONE
[HUG#1562388]
Unternehmensinformation / Kurzprofil:
Datum: 09.11.2011 - 11:18 Uhr
Sprache: Deutsch
News-ID 85653
Anzahl Zeichen: 2650
contact information:
Town:
Oslo
Kategorie:
Business News
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"Kitron reorganises its Swedish operations"
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