ICA Gruppen makes provision of SEK 110 million for forward orientated organisational changes

ICA Gruppen has made a provision of SEK 110 million in the fourth quarter of 2018 for structural costs in connection with the previously communicated organisational change being conducted in ICA Sweden. The aim is to implement new ways of working and free up resources to provide scope for future investments. The change entails that approximately 200 existing positions including vacancies in ICA Sweden will be removed and that approximately SEK 180 million will be freed up annually starting in the second half of 2019.

The aim of the change is to create a more efficient and flexible organisation and to free up resources for investments in digitalisation, among other things, which will also entail recruiting new competence.

“We will now have an organisation that can better meet customers’ and the stores’ expectations and will enable us to continue investing in the areas that are important for winning in the future,” comments Anders Svensson, CEO of ICA Sweden. “Of course we understand the concerns this gives rise to among the people whose positions will be removed or changed, and we will take care to carry out the change in the best way possible for everyone involved.”

Negotiations with trade unions have been initiated.The new organisation is estimated to be implemented in the second quarter of 2019.

For more information
ICA Gruppen press service, Telephone number: +46 10 422 52 52

ICA Gruppen AB (publ) is a leading retail company with a focus on food and health. The Group includes ICA Sweden and Rimi Baltic which mainly conduct grocery retail, ICA Real Estate which owns and manages properties, ICA Bank which offers financial services and Apotek Hjärtat which conducts pharmacy operations. The Group also includes Hemtex. For more information see icagruppen.se

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