NORDIC MODULAR REDUCES ITS PERSONNEL IN GRABO

Flexator today issues redundancy notices to about 60 employees at Flexator’s facility at Grabo, near Gothenburg. Flexator together with Temporent form the Nordic Modular division within the property company Kungsleden AB (publ). The Grabo plant is a contract manufacturer of modules and construction modules to larger customers. A couple of customers in the construction industry suddenly reduced their investments, explaining the personnel reductions. The relevant union negotiations will begin shortly.The actions will not affect the results of the Kungsleden group, nor is the Anneberg plant