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Danish headphone technology developer Nextlink A/S cuts 6 jobs

Nordic Business Report, April 30, 2008

Danish headphone technology developer Nextlink A/S (OMX First North:NXTL) said on Tuesday (29 April) that it has launched a cost reduction programme with the aim of cutting costs by SEK6m per year.

The cost reduction programme follows a previously announced cooperation agreement with Motorola (NYSE:MOT) within consumer products. Under the cooperation agreement Motorola will take over Nextlink's logistics, administrative and sales functions.

The cost reduction programme will affect eight employees.

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Nextlink, headquartered in Copenhagen, Denmark, develops and markets headphones and headsets for mobile phones and two-way radios. The company has 40 employees and reported a turnover of SEK22.8m in 2007.

One British pound (GBP) is worth approximately 11.82 Swedish kronor (SEK).

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Business Services Industry

Danish headphone technology developer Nextlink A/S cuts 6 jobs

Nordic Business Report, April 30, 2008

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