Kitron ASA Appoints Peter Nilsson as CEO, Effective November 2014; Announces Arendal Downsizing
Kitron is therefore downsizing the Arendal operations. The current plans imply a reduction of 85 in the number of employees during 2014. At the end of June, 40 of these have already left the company. The main focus in the third quarter will be to ensure that the effects of the initiated actions are fully realized and to initiate further actions to improve profitability.