Brief: Karolinska Development Implements Organizational Changes

Kdventures AB

02/12/2024 15:48

Dec 2 (Reuters) - Karolinska Development AB  KDEV.ST :
    * IMPLEMENTS ORGANIZATIONAL CHANGES FOR MORE EFFICIENT
PORTFOLIO
MANAGEMENT
    * CHANGES INVOLVE REDUCING MANAGEMENT TEAM BY ONE PERSON AND
GIVING NOTICE OF REDUNDANCY TO A TOTAL OF THREE EMPLOYEES
    * THIS IS ESTIMATED TO REDUCE COMPANY'S PERSONNEL COSTS BY
APPROXIMATELY 20 PERCENT
    * WITHIN FRAMEWORK OF A STRATEGIC REVIEW, KAROLINSKA
DEVELOPMENT
HAS IDENTIFIED OPPORTUNITIES TO STREAMLINE ITS OPERATIONS BY
REDUCING NUMBER OF EMPLOYEES
    * PER ANIANSSON, INVESTMENT DIRECTOR AND MEMBER OF
MANAGEMENT
TEAM, AND TWO OTHER EMPLOYEES WILL LEAVE COMPANY

Source text:  ID:nGNE4wZ5yD 
Further company coverage:  KDEV.ST 

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