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Article: Kompan A/S reorganises, considers sale of US unit.(Brief Article)
- Article from:
- Nordic Business Report
- Article date:
- September 18, 2003
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NORDIC BUSINESS REPORT-18 September 2003-Kompan A/S reorganises, considers sale of US unit(C)1994-2003 M2 COMMUNICATIONS LTD http://www.m2.com
The Danish playground equipment manufacturer Kompan A/S said on Thursday (18 September) that it was preparing a new international strategy.
The new strategy would involve the establishment of a more independent European division and a possible sale of the US business Big Toys, as well as measures to reduce costs, Kompan said.
The new strategy would involve a reduction of the number of employees from the current 534 to 420-440, Kompan added.
As a result of the changes Kompan expected annual costs ...