NYKÖPING, Sweden--(BUSINESS WIRE)--Studsvik (STO:SVIK) has decided to implement a redundancy program in the Waste Treatment operation as efficiency at the sites is increasing while supply of material for treatment is temporarily declining as a consequence of delayed dismantling of nuclear facilities across Europe.
The program will include a number of redundancies in Sweden and in the UK. The details will be established in consultation with employees and employee representatives.
Studsvik will continue to play a full part in the European waste treatment market from both its Swedish and UK facilities.
Facts about Studsvik
Studsvik offers a range of advanced technical services to the international nuclear power industry in such areas as waste treatment, consultancy services, and fuel and materials technology. The company has over 65 years experience of nuclear technology and radiological services. Studsvik has 900 employees in 7 countries and the company’s shares are listed on the NASDAQ OMX Stockholm.
Studsvik is publishing this information pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The Information was released for public disclosure on October 22, 2014 at 08:30 AM CET.
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