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Intrum — Regulatory Filings 2009
Sep 1, 2009
2930_rns_2009-09-01_ac3e31e2-5d85-4f57-81a9-1a545115f6eb.pdf
Regulatory Filings
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Intrum Justitia AB (publ) Stockholm, Sweden, Corporate identity no.: 556607-7581 September 1, 2009
(page 1 of 1)
Press Release -- Intrum Justitia is required to disclose the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The information was provided for public release on Tuesday September 1, 2009, at 2:00 p.m. CET.
Intrum Justitia adjusts operational capacity in UK CMS business
Intrum Justitia has completed a review of its operations in UK.
The outcome of this review is that Intrum Justitia will increase its focus on the business area Purchased Debt in England. As a consequence; staff in the English operation will be reduced by 247 employees by the end of the third quarter 2009.
As previously communicated the Scottish business has been sold.
In Ireland the number of employees has been reduced from 40 to 30 and a new management structure is implemented.
The cost for the changes in England and Ireland is estimated to be around EUR 4 M, and will be reported as a restructuring cost in the third quarter financial results.
For further information, please contact:
Lars Wollung, CEO and President Tel: +46 8 546 10 202
Marcel van Es, Regional Managing Director UK and Ireland Tel: +31 653 173 254
Intrum Justitia is Europe's leading Credit Management Services (CMS) group and offers services designed to measurably improve clients' cash flows and long-term profitability. Intrum Justitia was founded in 1923, has around 3,400 employees in 23 markets and revenues of approximately SEK 3.7 billion. Intrum Justitia AB is listed on Nasdaq OMX Stockholm since 2002. For further information, please visit www.intrum.com