HELSINKI–(BUSINESS WIRE)–Regulatory News:
Caverion: (HEX:CAV1V)
Business review resulting in restructuring actions including reduction
of up to 700 employees and lowered EBITDA guidance for 2016
As a consequence of the previous CEOs departure the Board of Directors
of Caverion initiated a thorough review of operations in all divisions
with operative challenges. The interim management with the support of
external consultants has performed the review and the findings are
focused on these main areas:
1. Caverion has experienced profitability problems in 2016 due to
resource overcapacity and challenges in execut…
Read the full article at: http://www.businesswire.com/news/home/20160620005689/en/Caverion-Business-review-resulting-restructuring-actions-including