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Dimension AB to cut 70 jobs.

NORDIC BUSINESS REPORT-19 June 2002-Dimension AB to cut 70 jobs (C)1994-2002 M2 COMMUNICATIONS LTD

The Swedish IT company Dimension AB said today (19 June) that it would implement measures to reduce costs by an additional SEK65m per year.

The new measures, additions to an action plan announced in April, involved reducing the number of employees by 70, Dimension said.

Sven Uthorn, managing director of Dimension, commented on the new measures: "The IT market has further weakened this quarter and the deals being done are taking a long time to finalise. Although we are convinced the market will recover, we see no clear signs of an improvement in the short term. This has made it necessary to intensify efforts to adapt the Dimension Group's organisation and costs to the conditions we are currently facing."

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Publication:Nordic Business Report
Article Type:Brief Article
Geographic Code:4EUSW
Date:Jun 19, 2002
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