After a period of strong growth, John Mattson has the preconditions in place to create a more cost-efficient organisation. In the second quarter, the company began consolidating its operations and, among other actions, divested properties with an underlying property value of SEK 1,030 million. These efforts will now continue.

The current market conditions, together with the ongoing consolidation process, have spurred a review of the organisation resulting in a staff reduction of around 20 per cent. The organisational change will be implemented gradually in the period until 1 February 2023.

“It is regrettable that we have to announce that some employees will probably have to leave John Mattson, but unfortunately, the organisation has to be adapted. Given the current global uncertainty, it is critical that we continue to act quickly and proactively. The measures being implemented now are critical to lowering our costs and safeguarding our liquidity,” says Per Nilsson, CEO of John Mattson.