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Article: Danish DLH to trim capacity, workforce.
- Article from:
- Nordic Business Report
- Article date:
- October 5, 2009
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NORDIC BUSINESS REPORT-5 October 2009-Danish DLH to trim capacity, workforce(C)1994-2009 M2 COMMUNICATIONS http://www.m2.com
5 October 2009 - Danish timber trader Dalhoff Larsen & Horneman A/S (CPH: DLH B) said Monday it will close its processing activities in Brazil, Poland and Sweden and will reorganise its administrative functions, which will result in 220 redundancies in total.
The measures are part of DLH's efforts to adapt to the weak market and entail annual cost savings of about DKK40m. In 2009 the group will post one-off restructuring costs of DKK23m. The initiatives will have no further implications for the expected revenue and profits for ...