🔍 Schibsted Restructures
Schibsted, a Norwegian online classified ads group, announced on Tuesday that it will cut around 250 jobs in the Nordic region. This move is part of a larger restructuring plan aimed at reducing costs and boosting efficiency. The job cuts will affect various sectors, including real estate, jobs, cars, travel, and other services in Norway, Sweden, Denmark, and Finland.
📉 Focus on Cost Reduction
Christian Printzell Halvorsen, CEO of Schibsted Marketplaces, stated, "We are now in a position to start taking decisive measures to improve our profitability as a more focused company, and to adjust to the macroeconomic environment." The company recently divested its legacy news media business to concentrate on its online marketplace operations. This strategic shift is expected to enhance the company's financial health and market competitiveness.
🚀 Continuous Improvement
Halvorsen emphasized that this job reduction is not a one-time action but rather the beginning of a journey of continuous improvement and cost focus. "This is not a one-off, but rather the start of a journey of continuous improvement and cost focus," he added. Schibsted aims to streamline its operations and adapt to changing market conditions to ensure long-term sustainability and growth.
🌍 Impact on the Nordic Region
The restructuring will have a significant impact on Schibsted's workforce across the Nordic region. Employees in Norway, Sweden, Denmark, and Finland will be affected as the company realigns its resources to better serve its core markets. The exact distribution of job cuts across these countries has not been disclosed, but the focus remains on improving efficiency and reducing operational costs.
How will Schibsted's job cuts affect the Nordic job market?
