Studsvik to restructure its Consultancy Services business area
Studsvik has decided to restructure the Consultancy Services business area, which will be focused on our technical platforms for conditioning and volume reduction of radioactive waste. The restructuring means that only consultancy operations linked to the sale of licenses will be retained.
The operations in England will include partnership in and services related to the low-level waste repository in Cumbria. The decision entails a substantial staff reduction in England.
In connection with the new business approach, the business area will change its name to Studsvik Waste Management Technology.
For more information, please contact:
Claes Engvall, Chief Financial Officer, +46 (0)72 231 04 58
Camilla Hoflund, President and CEO, +46 (0)76 002 10 66
Facts about Studsvik
Studsvik offers a range of advanced technical services to the global nuclear power industry. Studsvik’s business focus areas are fuel and materials technology, reactor analysis software and technical platforms for handling, conditioning and volume reduction of radioactive waste. The company has over 70 years nuclear technology and radiological service experience. Studsvik has 600 employees in 7 countries and the company’s shares are listed on the Nasdaq Stockholm.
This information is information that Studsvik AB (publ) is obliged to disclose pursuant to the EU Market Abuse Regulation. The information was released for public disclosure, through the agency of the contact persons above, on August 29, 2019, at 08:30 AM (CEST).