Business Services Industry
Norwegian electronics manufacturer Kitron ASA plans capacity adjustments within development
Nordic Business Report, Nov 6, 2006
NORDIC BUSINESS REPORT-6 November 2006-Norwegian electronics manufacturer Kitron ASA plans capacity adjustments within development(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
Norwegian electronics manufacturer Kitron ASA said on Monday (6 November) that it is considering adjusting its development capacity in line with demand.
"This may lead to reduction of about 30 full-time equivalents during 2007. Such reduction can be carried out without additional costs," Kitron said.
Kitron on Monday also said that it plans to merge its Swedish subsidiaries into a single Swedish company. The reorganisation is aimed at strengthening Kitron's sales and marketing operations in Sweden.
Kitron provides development, industrialisation and production services for the data/telecommunications, defence/marine, medical and other industries. It has 1,200 employees and reported a turnover of NOK1.6bn in 2005. Kitron is listed on the Oslo Stock Exchange under the ticker KIT.
One British pound (GBP) is worth approximately 12.48 Norwegian kroner (NOK).
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