STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
In conjunction with the presentation of the Year-end report, CEO Peter Rejler informed about measures in restoring profitability to Rejlers Sweden. Swedish management has prepared a plan of action calling for layoffs of 125 employees. All were notified this morning.
Rejlers Sweden has seen decreased demand in certain industrial sectors for quite some time. The nuclear power sector’s sudden slowdown, saving program in the mining industry and the substantial pressure to lower prices in the manufacturing sector have also had an effect in determining appropriate corrective actions. With the action plan, the company aims to improve profitability. The layoffs primarily concern staff at the Technology business area.
“We have for some time had profitability problems in parts of the business area Technology. This is a necessary measure, even if it is unfortunate that we have to lay off coworkers,” says Jonas Thimber, CEO for Rejlers Sweden. Negotiations with the union organizations begins within a week.
Rejlers is one of the largest engineering consultancy firms in the Nordic region. Our 2,000 experts work with projects within the areas of Building and property, Energy, Industry and Infrastructure. With us, you will meet specialist engineers with the breadth, cutting edge expertise and not least energy to create the results you want. We are continuing to grow rapidly and our activities are spread across 80 locations in Sweden, Finland and Norway. In 2015, Rejlers had revenue of SEK 1.9 billion and its Class B share is listed on Nasdaq Stockholm.
Rejlers discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 09.00 am February 22nd 2016.
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