Nobia withdraws the dividend proposal and temporarily lays off 3,000 employees
The Board of Directors of Nobia AB (publ) has decided to withdraw previously communicated proposal for a dividend of SEK 4.00 per share, in total approximately SEK 675m. In addition, Group management has decided to cut their salaries by 20 per cent. Financial targets concerning debt/equity ratio and dividend policy will remain unchanged. The financial position for the group remains stable with available cash and unused credit facilities of approximately SEK 1.3 Billion.Furthermore, Nobia has initiated temporary layoffs of approximately 3,000 employees, of which around 2,300 refer to the UK