{"id":16463,"date":"2009-10-09T11:44:48","date_gmt":"2009-10-09T09:44:48","guid":{"rendered":"https:\/\/www.note-ems.com\/mfn_news\/substantial-downsizing-at-notes-plant-in-skelleftea\/"},"modified":"2025-12-02T08:28:31","modified_gmt":"2025-12-02T07:28:31","slug":"substantial-downsizing-at-notes-plant-in-skelleftea","status":"publish","type":"mfn_news","link":"https:\/\/www.note-ems.com\/et\/pressmeddelande\/substantial-downsizing-at-notes-plant-in-skelleftea\/","title":{"rendered":"M\u00e4rkimisv\u00e4\u00e4rsed k\u00e4rpimised NOTE Skellefte\u00e5 tehases"},"content":{"rendered":"
NOTE\u2019s largest customer in its Telecom segment has decided to stop producing part of its range, requiring a further downsizing at NOTE\u2019s plant in Skellefte\u00e5, northern Sweden. These measures will generate termination expenses and write-downs of some SEK 40 m. The settlement with the customer will bring additional liquidity of some SEK 40 m to NOTE.<\/strong><\/div>\n

\u201cApart from the recession, we\u2019ve faced a structural challenge during the year due to the succession of one major product of our largest customer in the Telecom segment. This fact has had a negative effect on volumes and profitability in our current business. We\u2019ve reached a mutual understanding with the customer to stop manufacturing their product immediately.<\/p>\n

The customer\u2019s decision to cease manufacturing has come earlier than expected, requiring further downsizing of NOTE\u2019s operation at Skellefte\u00e5. These measures will generate termination expenses and write-downs totalling some SEK 40 m. This cost will be charged fully to third-quarter profits.
\nThe settlement we have now reached with the customer will bring additional liquidity of some SEK 40 m to NOTE, and in combination with positive cash flow from operations in the second and third quarters of the year, our indebtedness will reduce.<\/p>\n

The scope of operations at Skellefte\u00e5 has been downscaled in recent years, and at present, it has some 40 employees. Most of our labour-intensive sourcing and production services are now conducted at our units in Eastern Europe and China.<\/p>\n

NOTE\u2019s sales of new assignments are progressing as planned. With previously reported and completed cost-cutting, the group\u2019s cost level has been reduced significantly. Taken together with the measures at Skellefte\u00e5, our judgment is that our running costs have been adapted to current demand,\u201d commented Knut Pogost, NOTE\u2019s CEO and President.<\/p>\n

Lisateabe saamiseks v\u00f5tke palun \u00fchendust:
\nKnut Pogost, CEO & President, tel. +46 (0)8 568 99006, +46 (0)70 552 3444
\nHenrik Nygren, finantsjuht, tel. +46 (0)8 568 99003, +46 (0)70 977 0686.<\/p>\n

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