Itella Logistics has announced today preliminary plans for synergy-related restructuring needs in Sweden and Denmark. These plans will lead to a possible headcount reduction and reorganizing the operations.
The planned headcount reduction is altogether approximately 70 permanent employees in Sweden and in Denmark. Itella Logistics has 255 employees in Denmark in Hvidovre, Kolding, and Risskov and 155 in Sweden in Stockholm, Borås, Malmö and Jönköping.
The logic for the planned restructuring and reorganizing is related to the synergy opportunities made possible and necessary by the combining of Itella Logistics Sweden and Denmark activities in October 2011, which was the company’s response to the logistics market conditions in Scandinavia.
The planned adjustment also follows the global announcement made in August 2011, when Itella Group announced a EUR 100 million cost-cutting program for the next three years. The program includes a review all of the Group’s business and support functions in order to secure continued financial stability.
- Only by taking the planned actions can we be a competitive partner for our customers also in the future. However, Itella Logistics sees significant value and opportunity in operating in Denmark and Sweden. Both countries will remain strategically important to Itella Logistics, says Managing Director Jørn Johansen, Itella Logistics Sweden and Denmark.
Media contacts: Itella MediaDesk, tel +358 20 452 3366
Itella Logistics, part of Itella Group, supports and develops the business of its customer companies by providing them with service logistics solutions for road, sea and air freight, warehousing and other contract logistics. Customers may outsource an individual element of their logistics process, or even their entire delivery chain, to us. Itella Logistics has over 30 offices in eight countries (Finland, Sweden, Denmark, Norway, Latvia, Lithuania, Estonia and Russia). The company provides global services through its partners. The net salesof Itella Logistics was in 2011 MEUR 732 and it employed 7,100 persons. www.itella.com.