WM-Data

Type
Merger/Acquisition
Country
Sweden
Region
Location of affected unit(s)
Sector
Information / Computing
62 - Computer programming, consultancy and related activities
62 - Computer programming, consultancy and related activities
62 - Computer programming, consultancy and related activities
300 jobs
Number of planned job losses
Job loss
Announcement Date
14 September 2005
Employment effect (start)
Foreseen end date

Description

As a consequence of the merger with Atos Origin's Nordic operations, WM-data has initiated negotiations with trade unions regarding the lay-off of approximately 300 employees in Sweden. The redundancy plan is expected to cost some SEK 175 million and to have a positive effect on earnings with slightly more than SEK 150 million per year.

Sources

  • 14 September 2005: Press release by WM-data
  • 15 September 2005: Svenska Dagbladet

Citation

Eurofound (2005), WM-Data, Merger/Acquisition in Sweden, factsheet number 62354, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62354.