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Net Insight announces cost reduction measures and steps to strengthen profitability

Jan 17, 2019 - Global Banking News

Net Insight AB (STO:NETIB) announced on Wednesday that it plans to reduce costs and make minor organisational changes.

Reportedly, these measures are a natural consequence of the reorganisation that was made in October 2018 and the aim is to improve results, increase efficiency and create room for continued investments. Under these measures, the costs are expected to decrease by approximately SEK25m annually and also means certain changes in executive management.

Also, operating prof...