Cost saving program Color Line AS
For increased profitability, and efficiency, following many years of investments in digitalization and new technology/logistics-systems, combined with increased centralization, Color Line AS will implement a comprehensive and lasting cost cutting program.
The objective is to reduce the cost-base with approx. NOK 250 mill., with full effect from the year 2021, and will include a reduction in the number of employees both on shore and on board with approx. 300 full time employees. The re-structuring is estimated to cost approx. NOK 50 mill.
sep 04 2020
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