NKT faces tough balancing act with potential large orders
2018 will be a tough balancing act for NKT's CEO. Larger orders are lacking, but drastic capacity cuts could be premature as increased activity is expected next year.
The declining order intake on the European market for large cable projects has already had consequences for the employees of NKT. The company's factories in Cologne and Karlskrona have laid off workers in a streamlining effort aimed at saving EUR 10 million in cost.
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