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Kitron ASA (OSL:KIT) Following the decision to transfer manufacturing of a major customer to a low-cost alternative it has been decided to adjust capacity at Kitrons site in Karlskoga. The notice involves 50 employees with full effect from 1 September, 2009. Kitron has requested to start negotiations with the Works Council.
3 November 2008 Kitron ASA
For further information, please contact: Johannes Lind, General manager Kitron Sweden, phone: (+46) 73 668 33 20, or e-mail: johannes.lind@kitron.com Jørgen Bredesen, CEO of Kitron ASA, phone: (+47) 4825 2584, or e-mail: jorgen.bredesen@kitron.com
Kitron is one of Scandinavia's leading companies in development, industrialisation and manufacturing of electronics for the Data/Telecom, Defence/Marine, Medical equipment and Industry sectors. The company is located in Norway, Sweden and Lithuania. Kitron had a revenue of about NOK 1.9 billion in 2007 and has about 1,400 employees. www.kitron.com
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