Reuters logo
BRIEF-Postnord says to cut 3,500-4,000 staff in Denmark over 2-3 years
March 8, 2017 / 2:36 PM / 9 months ago

BRIEF-Postnord says to cut 3,500-4,000 staff in Denmark over 2-3 years

March 8 (Reuters) - Postnord:

* Postnord is to further enforce the transformation in Denmark. In addition, work continues in all markets on reducing the group’s administrative costs

* Postnord says number of employees in Denmark will be reduced by 3,500-4,000 over 2-3 years

* Postnord says it is estimated that transformation of Danish business will cost around SEK 3 billion and Postnord is in dialogue with owners as to how SEK 3 billion is to be financed

* Says during the period of transformation, the Danish business is also expected to report an operating loss, although it is estimated that this can be financed via operational earnings

* In addition, to further secure PostNord’s competitiveness in all markets, the Group’s administrative costs are to be further reduced by more than SEK 1 billion over the next three years

* This is expected to affect some 1,200 full time employees, including 500 that are already included in the transformation in Denmark

* Says major part of the cost-cutting program is to be completed no later than at the end of the 2019 financial year

* Source text for Eikon: Further company coverage: (Stockholm Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below