TeleComputing announces cost efficiency program in Swedish IT Operations business
Q1 2009 financial results will include restructuring charges of approximately MNOK 9 associated with workforce reductions. Q4 2008 and 2008 financial results will be restated to include a non-cash Goodwill Impairment expense related to the writedown of prior acquisitions in the Sweden IT Operations business. The Goodwill Impairment will reduce pre-tax profit by MNOK 21.TeleComputing announced today that it has implemented a program to reduce costs in its Sweden IT Operations business. Throughout the first quarter 2009, TeleComputing has undertaken processes to reduce staffing in its Sweden