Cybercom closes office in Norway
Cybercom is shutting down its Norwegian operation and closing its office outside Oslo. Costs for this will be swallowed in 4Q 2006 but the closure will have no negative effect on EBIT for 2006.The Norwegian operation was part of Cybercom’s year-end 2003 acquisition of Consafe Infotech. The operation reported losses, and long-term turnaround of company profit has been difficult to achieve – even though the operation has taken requisite measures. Since the 2003 acquisition, the number of employees has dropped. Now, the company employs just eight persons.”Our operation in Norway is small,”