The new working way of working is estimated to result in a reduction of the company's workforce of just over 10%. The changes affect all Ework's geographical markets and entail one-time costs of around
The new operating model is the result of extensive work that has been ongoing since the end of 2022 to create a long-term, more competitive, and scalable Ework. Service delivery will be consolidated into a common organization whilst Market Units will be focused on sales and client development. The company is also strengthening its ability to be a strategic partner to its clients by establishing specialized skill pools in its talent network. Ework has consistently reported on the progress of its strategic initiatives in the interim reports throughout 2023.
"I look forward to the implementation of the new Operating model that enables more value-added service within Total Talent Management solutions. However, it is with mixed feelings that we communicate this today, as we need to bid farewell to both competent and engaged colleagues. I want to extend a warm thank you for all the wonderful and valuable contributions over the years," says
"Our success relies on our ability to create value for our clients by being a strategic partner in competence supply. With our strong position, extensive talent network, and close client relationships, we will be able to continue evolving both in the long term and profitably," adds
Ework's financial goals remain unchanged.
Outlook 2024
Ework expects a gradually stronger demand and, consequently, growth by the end of 2024. A decrease in turnover is expected the first six months due to lower demand and order intake as we have reported during 2023. For the full year 2024, a limited decrease in turnover is forecasted.
With our new operating model in place, we increase our flexibility, efficiency, and scalability. We reduce costs by approximately
For further information, please contact:
+46 (0)8 50 60 55 00
karin.schreil@eworkgroup.com
Klas Rewelj, CFO,
+46 (0)70 626 54 24
klas.rewelj@eworkgroup.com
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