*

Hitt og þetta 24. ágúst 2006

Aspo Plc to cut 20 jobs as part of action plan

Nordic Business Report-August 24, 2006-Aspo Plc to cut 20 jobs as part of action plan
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com

Finnish industrial logistical service provider Aspo Plc said on Thursday (24 August) that its board of directors had approved an action plan for the Systems Division, which has failed to meet its earnings targets in the first half of the year.

The aim of the plan is to improve efficiency, cut the costs of the Autotank Group and ensure positive earnings development.

The planned actions concern Autotank's operations in Finland and Sweden. The estimated need for personnel reductions concerns some 20 people within the Autotank Group.

((Comments on this story may be sent to tww.feedback@m2.com))