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ICA Gruppen announces SEK110m provision for organisational changes.

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NORDIC BUSINESS REPORT-January 22, 2019-ICA Gruppen announces SEK110m provision for organisational changes

(C)2019 M2 COMMUNICATIONS http://www.m2.com

ICA Gruppen AB (STO: ICA), a retail company with a focus on food and health, announced on Monday the making of a provision of SEK110m in Q4 2018 for structural costs in connection with the organisational change being conducted in ICA Sweden.

Reportedly, the aim of these changes is to implement new ways of working and free up resources to provide scope for future investments. This change entails that approximately 200 existing positions, including vacancies in ICA Sweden, will be removed and that approximately SEK180m will be freed up annually starting in the second half of 2019.

According to the company, the aim of the change is to create a more efficient and flexible organisation and to free up resources for investments in digitalisation, among other things, which will also entail recruiting new competence.

Also, the company will now have an...

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