EMCC European Monitoring Centre on Change

WM-Data

Company/Organisation:
WM-Data

Geographic Location

Country: Sweden

Company

Sector: Information / communication
IT and other information services
62 - Computer programming, consultancy and related activities
Group: WM-Data

Employment Effects

Announcement Date: 14-09-2005
Planned Job Reductions min: 300
Planned Job Reductions max: 300
Type of Restructuring: Merger/Acquisition

Additional Information

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.